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Sanyo to Sell its Handset Division to Kyocera


Posted: 16 Sep 2007
TAGS: kyocera, sanyo

Sanyo has entered the final stages of negotiations to sell its unprofitable mobile handset division to Kyocera.

The talks have begun last month, but it is yet unknown when the two companies will reach the agreement.

The deal is worth about $434 million and, if signed, will make Kyocera the 7th largest cell phone manufacturer.

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