The Nikkei Asian Review reports the latest on the on-off-possibly acquisition of display maker Sharp by iPhone assembler Foxconn.
Various potential deals appear to be under discussion with both Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ. These include paying the banks less for the shares they hold,reducing the interest rate payable on a joint loan to Sharp and agreeing that the banks will provide financial support in the event that the feared liabilities do indeed materialize after the deal is done.
It was initially reported final month that the deal had been done before details of potential Sharp liabilities put it into doubt. Negotiations then resumed.
It had been suggested at one stage that Apple may benefit to support the deal, but as there has been no recent mention of this, and wed say this currently seems unlikely. Foxconn has,however, long played a role in helping keep Sharp afloat.
Filed under: AAPL Company Tagged: china, or Foxconn,iPhone, Sharp, or The Bank of Tokyo-Mitsubishi UFJ
Source: 9to5mac.com