It certain took awhile, but Panasonic now has controlling interest of Japan’s beleaguered Sanyo Corporation. After shareholders approved the deal last year, the partnership became mired in anti-trust concerns across the globe. That was next — today the company founded by Konosuke Matsushita is the proud owner of 50.19% of Sanyo for the bargain price of ¥404 billion ($4.6 billion). That gives Panny access to Sanyo’s battery (some of which was sold off to appease regulators) and solar technology as well

as its unsurpassed ability for making dull and matronly consumer electronics. Everybody wins!

Panasonic now in control of Sanyo, promises to be nice originally presented on Engadget on Thu, 10 Dec 2009 05:13:00 EST. Please see our terms for use of feeds.

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Original post by Thomas Ricker