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  • NEC, Hitachi, Casio Delay Handset Merger

    According to this post, the proposed NEC Corporation, Casio Computer Co., Ltd., and Hitachi, Ltd. agreement to merge their respective mobile phone businesses for the launch of a new joint venture in April 2010 will be slightly delayed.

    As part of these preparations, the companies are proceeding in accordance with overseas competition regulations. However, supplementary documentation has been required by certain competition authorities, and additional time is necessary for their completion. Therefore, there is a possibility that the authorities’ review will not be completed within March 2010. In order to minimize the influence on existing business partners, it has been decided to postpone the April launch of the new joint venture.

    Posted: 1 March 2010 | Filed: Editor's Note, Japan Market | Feedback | Print |
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