Panasonic launches bid to acquire Sanyo
Japanese consumer electronics giant Panasonic has finally launched their bid to acquire a majority stake in rival company Sanyo.
The company is offering £2.7 billion for this stake.
Panasonic is said to be primarily interested in the Sanyo’s green business related to solar panels and rechargeable batteries.
Sanyo has clients like [...]
Kyocera International to cut 360 jobs in handset business
Kyocera International has announced that they are cutting around 360 jobs in their mobile operations.
These job cuts would be mostly due to integration of Kyocera Wireless unit with its Sanyo Telecom unit.
These are the latest job cuts to be announced by a company in the mobile handset [...]
Panasonic aims to make Sanyo its subsidiary
Panasonic has said in a statement that they are in talks to make Sanyo their subsidiary.
A deal between these two companies could create the Japan’s largest electronics making entity.
Market sources say that the deal between Panasonic and Sanyo could be worth as much as $8.8 billion.
A deal is likely [...]
Panasonic could acquire major stake in Sanyo Electric
Market sources are stating that Panasonic might be in talks to acquire a majority stake in smaller rival Sanyo Electric.
Panasonic is said to be in talks with Goldman Sachs and some other shareholders in the company including Daiwa Securities SMBC, Sumitomo Mitsui Banking Corp.
If this deal is indeed [...]
Sanyo mobile division to be sold to Kyocera
Sanyo Electric has announced their decision to sell their mobile phone production unit to Kyocera.
The deal could be worth around 40 billion yen and would take place in April this year. The final price would include account debts, cash and deposits.
The company said that a transfer of [...]
Sanyo considering selling mobile business to Kyocera
Sanyo has said that they are nearing a deal with Kyocera to sell their mobile business to the company.
Kyocera along with the Sanyo mobile business would then become the world’s seventh-biggest handset maker.
Sanyo is struggling and is undergoing a restructuring. This deal would enable them to focus on their [...]
