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Japan's Sharp Corp. agrees to a $6.2 billion rescue deal from Taiwan

Japan's Sharp Corp. agrees to a $6.2 billion rescue deal from Taiwan

News
Eamonn Sheridan
25/02/2016 | 03:33 GMT

Japanese icon bailed out by Taiwan company

  • Sharp Corp. agreed to a 700 billion yen ($6.2 billion) rescue deal from Taiwan's Foxconn Technology
  • Rejected a competing offer from a Japanese government-backed fund (state-backed Innovation Network Corp)

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