Panasonic to buy Sanyo

By Patrick Avenell

The Times Online is today reporting that Panasonic is set to acquire Sanyo, which is valued at around AUD$9.6 billion.

The newspaper quotes anonymous sources, described as “close to the proposed deal”, saying that Panasonic was currently in negotiations with the three banks that own Sanyo.

Since reports of this acquisition have surfaced, it has been reported widely, with both publications replying on anonymous sources for verification.

UPDATE: Some websites are now reporting that the two parties have agreed to the terms of the acquisition, which will see Sanyo become a subsidiary of Panasonic.

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