Panasonic Acquires Sanyo

Panasonic first showed an interest in taking over Sanyo several weeks ago.
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Panasonic, one of the largest makers of HD products globally, has begun the process of buying Sanyo, which will grow Panasonic (until recently known formally as Matsushita) into a potential CE manufacturing juggernaut at a particularly rough time for the world economy.

Panasonic first showed an interest in taking over Sanyo several weeks ago. Sanyo has been struggling recently with the production of a different type of panels—solar—as part of its strategy to go green.

Panasonic makes Panasonic- and Viera-brand HD sets and Blu-ray Disc players under its own name and the Diga brand. The takeover was reported to have cost Panasonic about $9 billion.

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