Japan's Sharp accepts Taiwanese offer in rare foreign takeover

Money-losing Sharp on Thursday accepted a multi-billion-dollar bailout from the parent of Taiwan's Foxconn, ending speculation over its uncertain future with the first foreign takeover of a major Japanese electronics firm. Sharp -- which has teetered on the edge of bankruptcy for years -- had been mulling rival offers from Taiwan-based Hon Hai Precision and the public-private Innovation Network Corporation of Japan (INCJ). On Thursday, its board unanimously chose the rescue package from colourfu