Articles

Panasonic Takes Control of Sanyo

2009-12-10

1 min read

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! ]

panasonic sanyo

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