Panasonic launches bid to acquire Sanyo
Japanese consumer electronics giant Panasonic has finally launched their bid to acquire a majority stake in rival company Sanyo.
The company is offering £2.7 billion for this stake.
Panasonic is said to be primarily interested in the Sanyo’s green business related to solar panels and rechargeable batteries.
Sanyo has clients like [...]
Panasonic posts a $4 billion loss in the last financial year
Last year turned out to be a disastrous one for Panasonic as the company posted a 378.96 billion yen loss for the fiscal year ended March.
This is Panasonic’s first loss in as many as seven years.
The company revealed that things are unlikely to [...]
Ranbir Kapoor is the brand ambassador of Panasonic India
Ranbir Kapoor has been named the brand ambassador of Panasonic India.
He is already the new face of Pepsi India and now the Japanese consumer electronics giant has hired him.
Kapoor would now be promoting Panasonic’s new range of VIERA LCDs and Plasmas in addition to [...]
Vizio is now the second largest flat panel TV brand in USA
Market research firm iSuppli has revealed that LCD TV brand Vizio has overtaken Sony to become the second largest player in this segment of the market in the United States.
Samsung retains the top spot.
Taiwan based Amtran Technology is the manufacturer of Vizio [...]
Panasonic to cut 15,000 jobs worldwide
Japanese consumer electronics manufacturer Panasonic has announced that they are now going to cut around 15000 jobs in their global operations.
Panasonic is also planning to close down 27 plants worldwide to cut costs as the market situations are not improving.
The company has posted a 63.1 billion yen [...]
Panasonic to cut investments in flat screen television business
Japanese consumer electronics manufacturer Panasonic has announced that they are going to reduce their spendings on the flat screen television operations.
The company also said that they are planning to withdraw from unprofitable businesses as the economic slowdown is affecting their bottom line badly.
A lot of companies [...]
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 [...]
Panasonic could acquire major stake in Sanyo Electric
Market sources are stating that Panasonic might be in talks to acquire a majority stake in smaller rival Sanyo Electric.
Panasonic is said to be in talks with Goldman Sachs and some other shareholders in the company including Daiwa Securities SMBC, Sumitomo Mitsui Banking Corp.
If this deal is indeed [...]
Fujitsu exiting from plasma television industry
Japanese company Fujitsu group has announced that they are now exiting from the plasma televisions segment of the market.
They introduced this technology to the world but it has failed to compete with other existing technologies in the market.
The company said that they are forced to exit from this market as [...]
