Thursday, October 11, 2007

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

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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.


[via] Engadget

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