Foxconn offers JPY 625 bln for Sharp - report

(Telecompaper) Foxconn has offered about JPY 625 billion (USD 5.3 billion) to take over Sharp, people familiar with the matter told the Wall Street Journal. Sharp is set to review a competing offer from Innovation Network Corp of Japan, a government-backed investment fund. An unnamed source told the paper that the fund was weighing a bid of around JPY 300 billion; this figure was earlier reported by the Nikkei newspaper. Japanese officials have expressed concern about letting Sharp com