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

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Sponsor

toggle

Most Commented

 
toggle

Popular News