Panasonic said Thursday that it will take majority control of Sanyo Electric Co. in a US$4.6 billion deal, forging one of the biggest electronics makers in the world.
Founded by a brother-in-law of Panasonic founder Konosuke Matsushita, Sanyo is a popular brand but in recent years has been seen as a relative loser in Japan’s competitive electronics sector.
Sanyo also makes a lot of the compact digicams that are privately labeled.
[ Read the article at: Yahoo! ]
