Japanese electronics giant Panasonic has agreed to buy Sanyo Electric, the Nikkei business daily reported Monday.
Panasonic and Sanyo will hold board meetings by the end of this week to approve the deal and a formal announcement could come as early as Friday, according to the report, which did not cite sources for the information.
The resulting company will be Japan's largest electronics maker, the Nikkei said.
The deal may come as a relief to Sanyo, which has been struggling to turn around its business for the past few years. The world's largest manufacturer of lithium-ion batteries posted its first profit in four years in its most recent fiscal year, which ended in March 2008. Sanyo also makes a range of electronics products including digital video cameras, as well as green energy devices such as solar cells.
Sidekick: The Good News & the Bad News Either way you look at it Microsoft Data Center management did not follow standards or best practices in this failure. In which case it makes me wonder more about the outsourcing of corporate data much less personal data.
- mburton325
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