Taiwan happy with Foxconn's $3.5 billion acquisition of Sharp
Taiwan's Fair Trade Commission said there was no anti-trust issue with the purchase. The green light came the day after the economics ministry's Investment Commission, in charge of reviewing and approving inbound and outbound investments, signaled its approval for the deal.
Foxconn, formally known as Hon Hai Precision Industry, is investing a total of 388.8 billion yen ($3.54 billion) to take a 63.64 percent stake in Sharp, according to the Investment Commission's statement on its approval. ■