OSAKA, Japan (Reuters) – Foxconn should be able to reach a deal to acquire Sharp Corp over the next two to three weeks, after the two firms reached a consensus on most points at a meeting on Friday, Chief Executive Officer Terry Gou said.

Foxconn, known formally as Hon Hai Precision Industry Co , has officially been given preferred negotiating rights, he told reporters.

The Taiwanese firm has offered to invest around 659 billion yen ($5.6 billion) in Sharp, sources familiar with the matter have said – a deal which would make it the biggest acquisition by a foreign company in read more >>>

Source : BusinessInsider.Com