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Foxconn acquires Belkin in $866 million deal

Foxconn has acquired Belkin in a $866 million deal. Under the terms of the agreement, Belkin along with subsidiary brands Linksys, Wemo and Phyn will be controlled by Foxconn. Chet Pipkin, CEO and founder of Belkin, will remain at the head of the subsidiary and Foxconn has pledged to increase …

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Toshiba stock price drops – sale imminent?

The ongoing drama of the sale of Toshiba’s chip business looks set to be entering its final act, as shares of the company dropped by 1.6 per cent early today to 313.2 yen (£2.22). Last week it was reported that the company had given shareholders a fortnight to decide on a potential …

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Sharp to record first profit in four years, then spend it on Toshiba chip unit

Sharp is expected to record its first profit in four years. And not wanting to have the spare cash hanging around, the manufacturer is reportedly hoping to buy a percentage of Toshiba’s valuable memory chip unit. According to the Nikkei Asian Review, Sharp is looking to snap up as much …

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Foxconn stalls on £3bn Sharp deal as analyst predicts ‘major long-term impact on display industry’

Mainstream consumer tech manufacturer Foxconn – which produces the iPhone, Xbox, Kindle and more – has stalled on a deal to acquire TV and panel vendor Sharp. Taiwanese firm Foxconn was set to purchase the Japanese brand for $4.3 billion (£3 billion) but the proposed agreement has had a last-minute …

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