<ul><li>Foxconn, also known as Hon Hai Precision Industry, has halted its interest in acquiring a stake in Nissan as the automaker explores a potential merger with Honda.</li><li>Foxconn's bid approach was rejected previously by Renault, Nissan's biggest shareholder.</li><li>However, Foxconn is still considering a bid for Nissan and waiting to see if there is any progress in the potential merger between Nissan and Honda.</li><li>A merger between Nissan and Honda would create a company with a valuation of around $54 billion, making it the third largest automaker by sales.</li></ul>

Foxconn reportedly puts the brakes on Nissan bid attempt amidst ongoing Honda merger talks – report

Discover more