Printed from http://www.electronista.com

Panasonic confirms buying Sanyo

updated 10:30 am EST, Fri November 7, 2008

Panasonic Buys Sanyo

Panasonic today said it would buy fellow Japanese electronics maker Sanyo. The deal, which is unofficially estimated at a worth of $8.8 billion, will make Panasonic the single largest company of its type in Japan and is described as a move to secure Sanyo's well-known battery business, which includes lithium-ion batteries for cellphones, notebooks, portable media players and other devices as well as its automotive, eneloop, and solar power technology.

Neither company has named the terms of the tentative deal, which would create significant overlap in products and research. Most observers believe Panasonic is likely to scale back, sell or shut down significant components of Sanyo that most closely resemble Panasonic's own business.

A completed deal would heat up competition in Japan, where Panasonic has had to compete with not just Sanyo but also Hitachi, JVC-Victor, Sony, Toshiba and many other firms involved in frequently identical business. It will also have an impact on foreign companies that depend on Sanyo's batteries and devices for their own business.



By Electronista Staff
toggle

Comments

  1. Feathers

    Grizzled Veteran

    Joined: Oct 1999

    +1

    JVC-Victor?

    Er...the V in JVC stands for Victor. It is not the Japanese Victor Company Victor, unless you have watched Airplane too many times!

  1. WiseWeasel

    Junior Member

    Joined: Apr 1999

    0

    wow

    One manufacturer of sub-standard equipment gobbles up another. May they be happy together, churning out complete c*** for us to return to the store.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News