Taiwan's Foxconn says Toshiba deal 'not over'
The head of Taiwan's tech giant Foxconn said Thursday its pursuit of Toshiba "is not yet over", a day after the Japanese firm announced it preferred another group of bidders to acquire its prized chip business.
Foxconn, also known as Hon Hai, is controlled by billionaire Terry Gou and reportedly had Apple as a financial backer in its multi-billion dollar bid for Toshiba's memory chip unit, seen as crucial for the cash-strapped Japanese firm to turn itself around.
Toshiba said Wednesday it would hold exclusive talks with a consortium of US, South Korean and state-backed Japanese investors, dashing Gou's ambitions.
Gou blasted the decision as a "scam" after an annual shareholders meeting in New Taipei City Thursday, accusing Japan's Ministry of Economy, Trade, and Industry (METI) of interfering with the sale and engaging in "bureaucratic politics."
The ministry declined to comment on Gou's remarks when approached by AFP.
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