Disqus
Remember when we told you that Sanyo wanted out of the mobile phone manufacturing business? Well, it seems they’ve found a suitor to take their not-so-blushing mobile phone division off their hands. Kyocera is reportedly in the final stages of negotiations to buy Sanyo’s in-the-red handset business.
If the acquisition goes through, we could see the creation of the 7th largest mobile phone manufacturer in the world – a definite boost for Kyocera. Word has it that Kyocera will be ponying up 50 billion yen ($435 million) to Sanyo, which should help ease the ailing company’s three-year streak of red-ink.
We’ll keep you updated on how this deal goes down. In the super-competitive market that is the mobile phone business, we wouldn’t be surprised if Kyocera backed out at the last minute, fearing too much risk in the Sanyo acquisition. On the flip side, Kyocera would instantly come into established infrastructure, helping make Kyocera a stronger global player. Stay tuned!
[Via: Yahoo]
About The Author
Will Park
Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...
-
NFCuser
