We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,088 News Articles

Panasonic and Sanyo deny rumoured tie-up

Sanyo shareholders said to be planning sale

Sanyo and Panasonic have denied a report that they are considering a tie-up.

Japan's Yomiuri Shimbun daily newspaper said the three largest shareholders of Sanyo were considering selling their stake in the struggling electronics maker to Panasonic. The shareholdings of Sumitomo Mitsui Banking, Goldman Sachs and Daiwa Securities SMBC jointly total 67 percent of Sanyo shares.

Sanyo has recorded losses for the last three years and is currently in the midst of a restructuring that has already seen it dump unprofitable divisions and businesses. The restructuring has had an effect on the company's bottom line and losses have been reduced each year. For the financial year that ended in March the company is expected to report a profit.

Panasonic is due to announce full year financial results later today.


IDG UK Sites

Windows 9 release date, price, features: Microsoft teases new OS ahead of 30 September unveiling

IDG UK Sites

From the iPhone 6 to the iWatch and a new Apple TV we look at the products Apple is set to launch...

IDG UK Sites

September 2014 creative trends: 5 things you must see

IDG UK Sites

What to expect from Apple in autumn/winter 2014: iPhone 6, iPhone Air, iWatch, iPad 6, new Apple...