“Terry Gou, chairman of Hon Hai Precision Industry, a major supplier of parts to Apple Inc, was mentioned by the United Evening News as saying the Taiwan firm’s talks to get an up to 9.9 percent stake will not change even though the cash injection from Qualcomm will give the U.S. chipmaker a 5 percent stake in Sharp,” Faith Hung reports for Reuters.
“Gou reiterated that he expects to reach a decision with Sharp before March 2013,” Hung reports. “A Hon Hai executive, when contacted by Reuters on Wednesday, said that the talks are still on and the price Hon Hai will pay Sharp was yet to be agreed on by both companies.”
Read more in the full article here.
MacDailyNews Take: Whatever ultimately ends up hurting shameless and unrepentant Samsung is fine with us.
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