Terry Gou

Taiwan's Hon Hai seals Sharp takeover for $3.5 bln

Taiwan's tech giant Hon Hai said March 30 it had finally sealed a takeover of Japanese electronics maker Sharp in a "historic" deal worth 389 billion yen ($3.5 billion).

It is the first foreign acquisition of a major Japanese electronics firm and comes after weeks of delays, with Hon Hai buying a 66 percent controlling stake.