Sharp agrees to Foxconn takeover

Japanese electronics manufacturer and TV maker Sharp has agreed to a multi-billion dollar takeover by Taiwan’s Foxconn. Sharp said it will issue and sell JPY489 billion (€4 billion)-worth of new shares to Foxconn, known officially as Hon Hai, which will become the controlling shareholder in Sharp with a two-thirds stake. However, following the announcement, Foxconn […]

Foxconn expected to complete Sharp deal this month

Foxconn is expected to finalise a takeover deal for electronics firm Sharp by the end of this month, according to reports. Reuters reported on Friday that Foxconn, which is known officially as Hon Hai, has reached consensus on “most points” with Sharp and has offered a deal worth  around 659 billion yen (€5.08 billion). The […]

KPN takes stake in Internet of Things specialist

Dutch telco KPN’s investment arm is taking a stake in France-based Internet of Things specialist Actility. KPN Ventures will participate in a capital raising exercise by Actility which also counts Orange, Swisscom and Foxconn’s European venture capital partner Ginko Ventures among its latest backers. Actility plans to raise around US$25 million (€22 million). Actility and […]