Technoglitch
Core Member
The Taiwanese company said in a statement: ``We will have to postpone any signing of a definitive agreement until we have arrived at a satisfactory understanding and resolution of the situation,''
If the deal goes ahead, it would be the first foreign takeover of a major Japanese electronics firm in a historically insular technology sector.
Japanese officials had been reluctant to let Sharp fall under foreign ownership because of the distinctive technology behind its display panels.
Before the announcement of a deal with Foxconn, Sharp had been discussing a rival offer from a Japanese government-backed consortium of Japanese investors.
Founded in 1912, innovations by Sharp include a mechanical pencil in 1915 and pioneering developments in television engineering.
What's behind the takeover? - Karishma Vaswani, Asia Business Correspondent
Trying to save one of the giants of the Japanese tech sector has been challenging to say the least, but even harder if the response in your industry to any foreign takeover deal is usually a no.
That's because Japan's technology sector is historically extremely insular, and has been reluctant to let outsiders in.
Partly the concern is fuelled by a fear that Japan's proprietary technological expertise may be at risk - but it's also partly because of a Japanese corporate culture that prefers keeping the dirty laundry in the family.
Taiwan's Foxconn to delay $4.3bn takeover of Sharp - BBC News
If the deal goes ahead, it would be the first foreign takeover of a major Japanese electronics firm in a historically insular technology sector.
Japanese officials had been reluctant to let Sharp fall under foreign ownership because of the distinctive technology behind its display panels.
Before the announcement of a deal with Foxconn, Sharp had been discussing a rival offer from a Japanese government-backed consortium of Japanese investors.
Founded in 1912, innovations by Sharp include a mechanical pencil in 1915 and pioneering developments in television engineering.
What's behind the takeover? - Karishma Vaswani, Asia Business Correspondent
Trying to save one of the giants of the Japanese tech sector has been challenging to say the least, but even harder if the response in your industry to any foreign takeover deal is usually a no.
That's because Japan's technology sector is historically extremely insular, and has been reluctant to let outsiders in.
Partly the concern is fuelled by a fear that Japan's proprietary technological expertise may be at risk - but it's also partly because of a Japanese corporate culture that prefers keeping the dirty laundry in the family.
Taiwan's Foxconn to delay $4.3bn takeover of Sharp - BBC News