It wasn’t too long ago that the first rumors of Sanyo selling off its mobile phone unit emerged. At the time, Sanyo was quick to deny the rumors, even though Sharp and Kyocera were said to be interested. Well, it looks like at least one of those companies has maintained interest: Kyocera is reportedly close to closing the deal for a sum of 70 billion yen (almost $600 million). If this deal goes through, it would make Kyocera the world’s seventh largest vendor of mobile handsets, up from number 10. The deal is supposedly all set to be announced soon, so stay tuned.

For more:
– see this Engadget article