Apple Supplier Foxconn Agrees to $3.5 Billion Takeover of Sharp

Apple's primary manufacturer Foxconn has reached an agreement to purchase troubled Japanese electronics maker Sharp for a revised 389 billion Japanese yen, or roughly $3.5 billion, according to The Wall Street Journal. The two companies had originally settled on an estimated $6.2 billion takeover last month, but Foxconn put the deal on hold after discovering that Sharp had hundreds of billion of yen in "previously undisclosed liabilities." The deal, which is expected to be finalized on Saturday,...