Deals
Foxconn's Gou Takes Step Toward Victory in Battle For Sharp
- Chairman Gou talks to reporters at Sharp headquarters in Osaka
- Battle has been seen as test case of Japan market's openness
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Foxconn Technology Group Chairman Terry Gou took a step forward in the hotly contested battle for control of Japan’s Sharp Corp., saying he’s become the preferred negotiating partner for a bailout of the struggling consumer electronics maker.
Gou outside Sharp headquarters in Osaka after a meeting that stretched to nine hours, long past its planned completion. He held up a paper with his signature and that of Sharp Chief Executive Officer Kozo Takahashi, and said he expects to have a final agreement by the end of February. He wore a red sweater and gold scarf, celebratory colors in China.