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Sharp Says Foxconn Talks Could Continue Beyond March Deadline

November 9, 2012

Sharp Corp.'s talks with Taiwan's Foxconn Technology Group over a capital tie-up could continue beyond a March deadline if a deal isn't reached by then, a senior executive at the Japanese electronics maker said.

While the two companies previously agreed on a March 26 target, negotiations could be extended "depending on the situation," the executive said at a press briefing given yesterday on condition of anonymity. Sharp, the maker of Aquos televisions and supplier to Apple Inc., has been renegotiating terms of a proposed stake sale to Taipei-based Foxconn

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