Update: It's official, as Sharp has issued a Japanese press release (PDF) confirming the move.

Or... not, if this tweet from the Wall Street Journal is to be believed. More when we have it.

Breaking: Foxconn said it is delaying the signing of a takeover agreement with Sharp https://t.co/5xQPDPcm8q — Wall Street Journal (@WSJ) February 25, 2016

Update 2: Well this is embarrassing. Despite Sharp's announcement, Foxconn says it's delaying the signing due to some new details Sharp disclosed yesterday. It sounds like Foxconn has to examine some detailed liabilities from the Japanese manufacturer. "We already notified Sharp on the same day [before Sharp held its board meeting on Thursday] that our side had to clarify the contents," Foxconn said in a statement handed to the Wall Street Journal. "We have to postpone the signing before both sides can reach an agreement. We hope to clarify it quickly and to bring this deal to a successful conclusion."