(Reuters) - Taiwan's Foxconn Technology Co Ltd has raised its offer for troubled Japanese electronics maker Sharp Corp to 659 billion yen ($5.44 billion), a deal that would dilute existing stockholders, the Wall Street Journal reported citing people familiar with the matter. Foxconn is not looking to buy out Sharp shareholders. Rather, the company would inject 389 billion yen into Sharp in exchange for new shares, after which it would hold a roughly two-thirds stake, one of the sources told the Journal. (http://on.wsj.com/1QwXBX7) Foxconn has also offered to buy 225 billion yen worth of preferred shares held by Sharp's two main banks, Mitsubishi UFJ Financial Group Inc and Mizuho Financial Group Inc, people familiar with the matter told the Journal. ($1 = 121.0300 yen) (Reporting By Lehar Maan in Bengaluru)
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Prince William ‘simply can’t forgive’ Prince Harry for his behavior following royal exit, author claims
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- USA TODAY
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King Charles won't extend Meghan 'olive branch,' Adam Levine to perform and more top entertainment headlines
The Fox News Entertainment newsletter brings you the latest Hollywood headlines, celebrity interviews and stories from Los Angeles and beyond.
- The New Voice of Ukraine
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