Panasonic Buys Sanyo Making it Biggest Electronics Company in Japan

Posted on November 3, 2008 at 7:08 am (PST)

It’s Official. After much speculation, Panasonic has bought up rival Sanyo to make it the biggest electronics company in Japan. Nikkei is reporting the companies have come to an agreement and the sale should be completed by April of next year. The end result will be a mega-corporation with revenues of over ¥11.2 trillion (around $1.1 billion.)

Panasonic promises Sanyo will not be disappearing as a brand and that most of their employees will remain intact.