Kyocera to Acquire Sanyo Mobile Unit
According to the Nikkei, via Reuters, Kyocera and Sanyo are close to inking a deal that would merge the device makers into the world’s seventh largest mobile phone manufacturer. The business daily stated Kyocera aims to buy Sanyo’s mobile phone operations for about 50 billion yen ($435 million), Sanyo expects to sell about 11 million units in the current business year to March 2008, down from its initial estimates of 12.5-12.6 million. Both Kyocera and Sanyo said in separate statements that nothing has been decided.