Menu
Report: Panasonic mulling acquisition of Sanyo

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.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Panasonicsanyo

Events

EDGE 2024

Register your interest now for EDGE 2024!

Featured

Slideshows

How MSPs can capitalise on integrating AI into existing services

How MSPs can capitalise on integrating AI into existing services

​Given the pace of change, scale of digitalisation and evolution of generative AI, partners must get ahead of the trends to capture the best use of innovative AI solutions to develop new service opportunities. For MSPs, integrating AI capabilities into existing service portfolios can unlock enhancements in key areas including managed hosting, cloud computing and data centre management. This exclusive Reseller News roundtable in association with rhipe, a Crayon company and VMware, focused on how partners can integrate generative AI solutions into existing service offerings and unlocking new revenue streams.

How MSPs can capitalise on integrating AI into existing services
Access4 holds inaugural A/NZ Annual Conference

Access4 holds inaugural A/NZ Annual Conference

​Access4 held its inaugural Annual Conference in Port Douglass, Queensland, for Australia and New Zealand from 9-11 October, hosting partners from across the region with presentations on Access4 product updates, its 2023 Partner of the Year awards and more.

Access4 holds inaugural A/NZ Annual Conference
Show Comments