After talking directly to Sharp’s financiers (Gou Goes Direct to Sharp Lenders), Foxconn chairman Terry Gou has said that he is confident of his firm’s offer being accepted in a takeover bid. It is rumoured that Foxconn has offered ¥625 billion ($5.2 billion) for the company, but Gou said that he could not confirm details of the offer.
Local media say that Sharp is under pressure to accept a lower rival bid from the Innovation Network Corp. of Japan (INCJ), which is backed by the Japanese government.
