Foxconn's $6.2 billion acquisition of Sharp is now on hold due to Foxconn's discovery of significant liabilities at Sharp that hadn't been disclosed. The liabilities could be worth "hundreds of billions of yen," and that has resulted in Foxconn halting the deal in order to clarify terms before anything goes through.

Sources told Reuters the billions of dollars in liabilities need to be resolved before Foxconn is prepared to buy Sharp. If the acquisition still occurs, it will be the largest takeover of a Japanese tech company by a foreign party.

Sharp decided to sell itself to Foxconn rather than a state-owned fund since Foxconn's offer was larger. Though, the discovery of these liabilities has complicated the sale.