toggle

AAPL Stock: 113.29 ( + 0.37 )

Printed from http://www.macnn.com

Kyocera finalizes plan to acquire Sanyo cell business

updated 08:15 am EST, Mon January 21, 2008

Kyocera get Sanyo Cell Biz

Kyocera today said it had settled on terms to pick up Sanyo's cellphone business. Confirming earlier moves, the former will acquire all of Sanyo's cellphone and cellular technology assets. However, the deal will initially see virtually unchanged business: not only will none of Sanyo's related jobs be cut, but Sanyo-branded phones will continue to exist "for the foreseeable future," Kyocera says. The deal itself is estimated to be worth about $375 million after factoring in associated costs.

The deal should take effect on April 1st. In the US, Kyocera expects to have a subsidiary label that will take care of selling Sanyo phones in the country and should not result in any sudden changes to the phone lineup. Sanyo is best known in the US for its Katana DLX and Katana II flip phones, which largely complete with Motorola's RAZR. Kyocera is less common with major providers in the US and has garnered its largest amount of attention with Virgin Mobile.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented