Thursday, April 25, 2024
Search
English
Optical Storage
Graphics Cards
General Computing
PC Parts
Digital Cameras
Consumer Electronics
Games
Mobiles
All News Categories
Older News
Optical Storage
Graphics Cards
General Computing
PC Parts
Digital Cameras
Consumer Electronics
Games
Cooling Systems
Mobiles
Software Reviews
Reviews Around the Web
Technology Previews
Essays
Interviews
Tech Views
Glossary
FAQ
Guides/How-To's
Firmware
Drivers
BIOS
Software
Media Tests
Drive Comparisons
DVD Media Formats
All Forums
Become Member
Today's Posts
Popular Topics
In-House
Optical Storage
Optical Storage Software
General
Consumer Electronics
Other
News Around The Web
Advertise
Links
Jobs
Site Map
News/Reviews Feed
Submit News
Polls
Competitions
Users' Privacy
Contact Us
About
Home
|
News
|
Reviews
|
Articles
|
Guides
|
Download
|
Expert Area
|
Forum
|
Site Info
Thursday, October 18, 2007
Sanyo Gives Up Plan to Sell Its Chip Unit
You are sending an email that contains the article
and a private message for your recipient(s).
Your Name:
Your e-mail:
* Required!
Recipient (e-mail):
*
Subject:
*
Introductory Message:
HTML/Text
(Photo: Yes/No)
(At the moment, only Text is allowed...)
Message Text:
Sanyo Electric said on Wednesday that it had to abandon
plans to sell
its microchip operations, a move considered key to restructuring.
Negotiations with Advantage Partners LLP, which had won rights to negotiate the purchase, fell through after the Japanese investment fund was unable to procure funds from other investors.
The struggling electronics maker said Wednesday it will not seek another bidder for Sanyo Semiconductor Co.
A senior Sanyo official said other investment funds that are potential buyers are also facing difficulties raising the cash.
The sale was estimated to be worth more than 100 billion yen.
Analysts had favored Sanyo's plan to sell its semiconductor business.
Last week, Sanyo announced that it would begin talks with Kyocera Corp. to sell its cellphone operations.
The two companies expect to reach agreement by the end of the year. The sale is estimated to fall under 50 billion yen.
Sanyo had planned to concentrate its resources on solar cells, rechargeable batteries, car navigation systems and other operations.
Home
|
News
|
All News
|
Reviews
|
Articles
|
Guides
|
Download
|
Expert Area
|
Forum
|
Site Info
Site best viewed at 1024x768+ -
CDRINFO.COM
1998-2024 - All rights reserved
-
Privacy policy
-
Contact Us
.