Will Sharp stay Japanese – or become Taiwanese?

Sharp, which hasn't been doing all to well over the years, has been bailed out repeatedly by banks. The company recently received a competing offer from Innovation Network Corp. of Japan – a government-backed investment fund – of USD 2.56 billion, according to a report in the Wall Street Journal. Sharp is reportedly leaning more towards accepting the offer from INCJ, the report continues citing a person familiar with the matter. A report in Bloomberg also states that the Sharp is considering accepting the rescue the government-backed investment fund over the bigger offer from Foxconn. Letting Sharp come under foreign control is something Japanese officials have expressed concerns about, the WSJ report continues.