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Panasonic's Sanyo Buyout is Nearly Complete  Print E-mail
Home Theater News Industry-Trade News
Written by Dick Ward   
Wednesday, 13 October 2010

Things move slowly when you're dealing with big companies and major deals.  We first caught wind of the deal between Panasonic and Sanyo back in December of 2009 and things have been moving slowly but surely.

Panasonic has dropped as much as $9.8 billion to make the deal go through, as well as a similar arrangement that would allow Panasonic Corp. full ownership of Panasonic Electric.  Panasonic now owns 80 percent of Sanyo and expects a full takeover to be complete by March.

One of the prime assets that the folks at Panasonic are excited to acquire is Sanyo's litium-ion battery tech that's used in both electronics and cars.  Sanyo also has a range of technologies in the research and development phase that are said to be quite substantial, making this a deal full of potential for Panasonic.

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