Panasonic buys up Sanyo
With the rollercoaster ride on the current world economy, you gotta merge to survive. The news that Panasonic is buying up Sanyo has been up in the airs for a while now but it is only current that both electronic corporation came to the agreement. Panasonic will be buying up Sanyo – or should I say helping out? Sanyo will still retain it’s brand name and most of its employees. If that’s not generousity, then I don’t know what is.
The merge will result is a 11.2 trillion yen of revenues and that, my friends, means we will be seeing more robots and awesome TVs.
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