Kyocera said to be ever so close to buying Sanyo's cellphone biz

by Donald Melanson, posted Oct 11th 2007 at 11:20AM

Kyocera has already shown it was pretty serious about buying Sanyo's cellphone business, and it now looks like that persistence may be about to pay off, with the two companies reportedly all but set to announce a deal. While the final price has apparently yet to be fixed, Nikkei says Kyocera has offered 70 billion yen (or nearly $600 million) for the business, although that price may wind up being a bit lower after Kyocera has done all its due diligence. As Reuters points out, if the deal goes through, it would make Kyocera the world's seventh-largest cellphone business, up from its current 10th place position. That possibility should become clear soon enough, as the deal could apparently be announced as early as today.

Filed under: Cellphones

Tags: acquisition, cellphone, cellphone business, CellphoneBusiness, kyocera, sanyo

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Reader Comments (Page 1 of 1)

Neutral

Jamar @ Oct 11th 2007 11:39AM

One of the many things that mystify me- why the heck doesn't Kyocera release any of their Japanese-made phones in America? And I don't really mean the fancy ones, either- http://www.au.kddi.com/english/product/lineup/simple_phone_a101k/index.html is a not-so-fancy phone that would appeal to quite a few people, I bet.

Neutral

pr_master @ Oct 11th 2007 12:11PM

that the ugliest cellphone i have seeing.
Why waste time with that if you can get
a simple (actual) cellphone for free in any
network.

Neutral

I LOVE THE CAPS LOCK KEY @ Oct 11th 2007 3:16PM

I will miss Sanyo's phone division, their products gets reception where others do not.

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