Fujitsu Ltd said on Friday it was in talks to sell its mobile phone business to private equity firm Polaris Capital, a deal that the Nikkei newspaper reported could be worth around up to 50 billion yen ($455 million).
The Nikkei reported that an official agreement was expected to be inked by the end of the month.
The Japanese company said in a statement the report was not based on something it had announced and that no decision had been made.
($1 = 109.6800 yen)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)