Report: Panasonic mulling acquisition of Sanyo

A Japanese paper reports that Panasonic will begin negotiating with Sanyo Electric's top shareholders with the aim of acquiring a majority stake in the company.

Panasonic will begin negotiating with Sanyo Electric's top-three shareholders as early as November with the aim of acquiring a majority stake in the electronics maker, The Nikkei business daily reported in its Saturday morning edition.

A basic deal is hoped for by the end of the year, said the report, which did not identify a source. The acquisition is being eyed as part of Panasonic's plan to expand its business around the world, the newspaper said.

Panasonic declined to confirm on the specifics of the newspaper article but through a spokesman said, "Nothing has been decided."

Sanyo has been struggling to turn around its business for the past few years. The company recorded its first profit in four years in its most recent fiscal year, ended in March 2008. Despite being battered by fierce competition in the home and consumer electronics markets, the company remains the world's biggest manufacturer of lithium-ion batteries and an innovator in green-energy products such as solar cells.

Acquisitions such as that reportedly planned by Panasonic are rare among major Japanese companies.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags Panasonicsanyo

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?