On Air Now

Tune in to Listen

93.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
54° Feels Like: 54°
Wind: WSW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 49°

Tomorrow

Mostly Sunny 73°

Wed Night

Isolated Thunderstorms 53°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Hon Hai chief in Tokyo for talks on Sharp deal: media

Hon Hai Precision Industry chairman and founder Terry Gou waves to the media as he gets on an elevator after a news conference in Tokyo Augu
Hon Hai Precision Industry chairman and founder Terry Gou waves to the media as he gets on an elevator after a news conference in Tokyo Augu

TAIPEI (Reuters) - The chairman of Hon Hai Precision will meet Sharp Corp executives this week in a bid to revive stalled talks over Hon Hai's plans to buy a stake in Sharp, local media reported on Friday.

Terry Gou of Hon Hai, a major supplier of Apple products, is currently in Tokyo, the Economic Daily and the Commercial Times said, citing unidentified sources.

Gou's move comes after Samsung agreed to buy a 3 percent stake in Sharp for $111 million earlier this week.

This would be the first meeting between Gou and Sharp executives in seven months, the Economic Daily said.

Talks to sell a 9.9 percent stake in Sharp to Hon Hai have stalled since last year over differences about executive control, as a March deadline looms.

(Reporting by Faith Hung; Editing by Stephen Coates)

Comments