Thursday, December 18, 2008

Today's Fly Or Die Commerce Report: Panasonic Is Set To Buy Sanyo

According to The Wall Street Journal, after weeks of negotiations, Panasonic is ready to purchase a majority stake in Sanyo Electronics.

Bu buying into the Japanese Corporation, which is reportedly worth more than $9 billion, Panasonic will be primed to compete with Hitachi- Japan's biggest electronics manufacturer. However, the deal has yet to be completed. Some final details are allegedly still being worked out.

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