Panasonic agrees to controlling stake in Sanyo, seen issuing hearty backslaps to executives

Ah here we go, a major acquisition following a quarter of disturbingly bleak financial results from Japan's tech community. First from the chute is Panasonic, which according to Nikkei and other members of the media elite, has reached a preliminary agreement to takeover its troubled domestic rival, Sanyo -- details to be announced on November 7th. The chatter began in ernest over the weekend with plenty of folks blabbing about Panasonic's plan to create a "battery superpower" meant to dominate a future that envisions a taller, more slender mankind tooling about in form-fitting jumpsuits from the safety of silent, electric cars. The deal would also extend Panasonic's range of consumer electronics while giving it access to Sanyo's solar panel production. Yeah, yeah, we get it, now let's just make it official already, k fellas?

[Via Times Online]

[Patriks7 @ Nov 3rd 2008 1:08AM]

Engadget.. you should really quit spying on love couples..

[ahmedalhani @ Nov 6th 2008 1:44AM]

wow sanyo sucks and panasonic rocks its like a brand thing why would they join?? it doesnt make sense!!

[allislost @ Nov 3rd 2008 2:16AM]

Just relax. It'll be official once the lawyers from both sides come to an agreement as to which half of the lovely couple gets to be on top during the umm... "merger".

[gad get @ Nov 3rd 2008 3:06AM]

A battery superpower? I sure hope they mean a superpowered battery!

[gad get @ Nov 3rd 2008 3:07AM]

...Or maybe a battery with a superpower. (Crossing fingers for mind reading.)

[James @ Nov 3rd 2008 3:39AM]

Where would you have to put that battery to gain its powers?

[Benson @ Nov 3rd 2008 3:10AM]

Only one question: should we refer to it as Panyo or Sanasonic?

[Ian @ Nov 3rd 2008 3:13AM]

What does Sanyo do now? I remember the name, but nobody has uttered it in over a decade.