Kyocera Buys Sanyo Mobile
News Item
Related News
Comments
posted Jan 21, 2008, 9:12 AM by Eric M. Zeman
updated Jan 21, 2008, 9:15 AM
Updated: Added info about sale
Sanyo has agreed to sell its troubled mobile phone division to Kyocera for $375 million. The deal includes Sanyo's handset manufacturing operations and sales channels in Japan and abroad. Kyocera will keep the Sanyo brand on handsets designed and manufactured by the Sanyo division. It hopes this acquisition will help it expand its penetration in foreign markets such as the U.S., where it has struggled. This will make mobile phones Kyocera's largest business internally. It will offer the 2,000 full-time Sanyo mobile employees jobs at Kyocera. The deal is expected to close on April 1.
more info at Wall Street Journal »
6 comments on this news item ›
Related news:
Kyocera Makes the Call, to Buy Sanyo Mobile Phone Business Oct 11, 2007
Sanyo Shopping Handset Operations Aug 13, 2007
Kyocera In Talks To Buy Sanyo Sep 14, 2007
Sanyo Sells Off Mobile Sales Business Sep 17, 2007
Kyocera Reorganizes Handset Businesses Jan 30, 2009
more related news ›