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View Full Version : Panasonic now in control of Sanyo, promises to be nice



allaboutsymbian
December 10th, 2009, 10:20
http://www.blogcdn.com/www.engadget.com/media/2008/12/12-17-08pansanyo.jpg
It sure took (http://www.engadget.com/2008/11/01/panasonic-and-sanyo-change-status-to-its-complicated/) awhile (http://www.engadget.com/2008/11/03/panasonic-agrees-to-controlling-stake-in-sanyo-details/), but Panasonic now has controlling interest of Japan's beleaguered Sanyo Corporation. After shareholder's approved the deal last year, the partnership became mired in anti-trust concerns across the globe. That was then -- today the company founded by Konosuke Matsushita is the proud owner of 50.19% of Sanyo for the bargain price (http://www.engadget.com/2008/12/17/panasonic-to-officially-purchase-controlling-stake-in-sanyo-for/) of ¥404 billion ($4.6 billion). That gives Panny access to Sanyo's battery (some of which was sold off to appease regulators) and solar technology as well as its unsurpassed ability for making dull and matronly (http://www.engadget.com/tag/sanyo%2Cprojector) consumer electronics. Everybody wins!Panasonic now in control of Sanyo, promises to be nice (http://www.engadget.com/2009/12/10/panasonic-now-in-control-of-sanyo-promises-to-be-nice/) originally appeared on Engadget (http://www.engadget.com) on Thu, 10 Dec 2009 05:13:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).


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