Panasonic and Sanyo change status to "it's complicated"

You know you've heard it from two lovebirds in junior high: "we're not going out, we're just talking." In a completely bizarre way, that's about the best way we can sum up what's apparently going on between Panasonic and Sanyo Electric. According to an unnamed company official "familiar with the negotiations," Panny is already in talks with Goldman Sachs, Daiwa Securities SMBC and Sumitomo Mitsui Banking about snapping up a "controlling stake in its smaller rival." Reportedly, these "talks" are at the so-called preliminary stage, and dialog regarding dollars and cents (and yen, probably) has yet to officially occur. Still, the insider asserts that a formal acquisition proposal will be submitted soon, potentially enabling Panasonic to quickly grab a "world-class" (wait, really?) battery operation and give it a leg-up in the exploding solar energy market. Stay tuned for more -- you know the unpredictable always happens on Saturday nights.

[Via Bloomberg]

[Brad @ Nov 1st 2008 12:00PM]

awesome facebook reference.

[El Taco @ Nov 1st 2008 1:22PM]

I literally lol'd

[HOOPER @ Nov 1st 2008 1:23PM]

*Panasonic's fb home page*

Darren Murph commented on your relationship status.

[EmoChicksAreHot.....Seriously @ Nov 1st 2008 10:45PM]

Freaking Awesome.

[Michael @ Nov 1st 2008 12:09PM]

well knowing sanyo's battery issues, is it safe to assume there will be a recall on said exploding solar energy market?

[tim @ Nov 1st 2008 12:18PM]

haha there already is a recall! - check it out - http://www.youtube.com/watch?v=TcCnDbKR9s4

[rj45 @ Nov 3rd 2008 7:57PM]

hahahaha thats awesome. I nominate it to replace rickrolling.

[Valicore @ Nov 1st 2008 3:13PM]

While I normally disapprove of links to unrelated YouTube videos, that was pretty funny lol.

[Reader @ Nov 1st 2008 7:06PM]

How was that funny?

[Jimiisama @ Nov 1st 2008 12:44PM]

mmm Junior High girls... Oh wait that's not what this article is about! >.>

[Valicore @ Nov 1st 2008 3:07PM]

I know! Posts about facebook and batteries always remind me of junior hig... wait, wtf?

[Backlin @ Nov 1st 2008 6:49PM]

I need an adult! I need an adult!

[Ishmael @ Nov 1st 2008 12:48PM]

the title of this article gave me a good hardy laugh.

[Major4Play @ Nov 1st 2008 1:32PM]

YAWN!

[phanbouy @ Nov 1st 2008 8:52PM]

i know what you mean, you ^are^ a boring fucktard

[daniele @ Nov 1st 2008 1:38PM]

the title of the post is hilarious!

[Valicore @ Nov 1st 2008 3:09PM]

"It's complicated" means "We're not going out, we're just talking?" I always thought it was something along the lines of "We don't really like each other but the sex is great."

[e1n @ Nov 1st 2008 7:24PM]

the latter seems to work just fine for this one.

[gad get @ Nov 1st 2008 8:50PM]

Sanyo does make some great batteries, Engadget. Or have you forgotten about Eneloop?

[tekdroid @ Nov 1st 2008 9:03PM]

...or the fact that Sony and Panasonic themselves have also had their batteries recalled. It's just poking fun at the matter and generating more hits, nothing to be concerned about.