By: George Liao, Taiwan News, Staff Writer
On Monday Japan’s Sharp Corporation announced it has appointed Toshihiko Fujimoto, formerly chairman of its electronics unit, to the post of “head of strategic alliance” to lead the negotiations with Taiwan’s Hon Hai / Foxconn Technology Group and oversee their subsequent cooperation.
Fujimoto will directly report to Sharp Chief Executive Officer Kozo Takahash.
Hon Hai Group Chairman Terry Gou has worked for months to take over Sharp, fighting off a competing offer from a Japanese bidder, Innovation Network Corp. of Japan.
Hon Hai offered a package worth in excess of 600 billion yen with most of the money going into Sharp through the purchase of additional shares. Only hours after Sharp’s board approved its offer on Feb. 25, Hon Hai said it had received new information from Sharp and wouldn’t go through with the deal until it had resolved the issues. [FULL STORY]