Sanyo nearing deal with Kyocera for mobile unit

Sanyo Electric announced that it is in final negotiations to sell its mobile-phone operations to Kyocera. The companies issued a press release that stated Kyocera had "priority negotiating rights" to buy Sanyo's mobile business and the firms are still hammering out a final price tag. Japan's Nikkei reported that Kyocera offered $597 million for the business unit. The long-rumored and much anticipated sale means Goldman Sachs and its other investors will finally make back the $2.6 million they infused in Sanyo last year to keep it afloat.

For more on Sanyo's mobile biz sale:
- read this report from the WSJ (sub. req.)

Related:
Report: Kyocera set to buy Sanyo's mobile unit 
Kyocera to acquire Sanyo handset arm 
Sanyo's statement regarding Kyocera acquisition rumors

Suggested Articles

Application developers will benefit from the efficiency of using Verizon’s distributed network coupled with its fiber footprint and backbone.

American Tower thinks open RAN architecture could be a positive, but it won’t change tower economics or necessarily mean new customers.

Company says virtualized network provides better coverage with fewer base stations.