Sharp confirms talks with Foxconn, Innovation Network

(Telecompaper) Sharp has confirmed talks with Hon Hai Precision Industry and Innovation Network Corp of Japan on a possible investment in its LCD panel business. The companies are in negotiations, and Sharp said it aims to pick a definitive partner in around a month. According to the latest media reports, Hon Hai, the owner of Foxconn, has offered the most to Sharp, with a capital injection that would give it around two-thirds of Sharp's shares. However, the Japanese state is pushing i