A Shopper moves on an escalator under the Sharp logo at an electronics store in Tokyo, Thursday, Feb. 4, 2016. (AP Photo/Shizuo Kambayashi)
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Sharp skyrocketed in Tokyo Thursday as the embattled Japanese electronics giant said it was reviewing rival bailout offers, including one from Foxconn parent company Hon Hai Precision, as it reported another massive loss.Investors cheered local media reports that Sharp's board is favoring accepting a 600 billion yen ($5.0 billion) bailout from Hon Hai, a key Apple supplier.After soaring by more than 25 percent earlier, Sharp's volatile shares settled back slightly to close at 160 yen, up 16.79 percent on the day.Earlier reports had suggested Sharp was learning toward the offer from INCJ, which is the main shareholder in rival Japan Display.
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