Foxconn said to bid over $5B for Sharp

Large contract manufacturer Foxconn has bid to take over ailing Sharp for its display business and manufacturing know-how, according to news reports.
Sharp, which has had to take the help of banks frequently, is said to be set to consider a review of a competing offer from the Japanese government-backed Innovation Network Corporation of Japan, which could be favored because of the government's interest in keeping the company in local hands and protecting jobs.
Foxconn, which assembles products