TechSpot

Panasonic to gain majority ownership of Sanyo in $4.6 billion transaction

By Matthew
Dec 10, 2009
  1. Panasonic today announced it would acquire a majority ownership of Sanyo after revealing interest in the company last December. In the $4.6 billion deal, Panasonic will buy more than three billion shares from Sanyo's top three investors -- Goldman Sachs, Daiwa Securities SMBC, and Sumitomo Mitsui Banking -- to gain a 50.2% stake.

    Read the whole story
     
Topic Status:
Not open for further replies.

Similar Topics

Add New Comment

You need to be a member to leave a comment. Join thousands of tech enthusiasts and participate.
TechSpot Account You may also...