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