Panasonic aims to make Sanyo its subsidiary

Panasonic aims to make Sanyo its subsidiary

Panasonic has said in a statement that they are in talks to make Sanyo their subsidiary.

A deal between these two companies could create the Japan’s largest electronics making entity.

Market sources say that the deal between Panasonic and Sanyo could be worth as much as $8.8 billion.

A deal is likely to be announced later today.

Experts believe that Panasonic is interest in Sanyo for their rechargeable batteries business.

Sanyo is a dominating player in this segment of the market.

Market analyst Nagayuki Yamagishi spoke about these developments: “As a result of this merger Panasonic will become a huge firm, the Toyota of the electrical appliance world, and that’s good.”