Our comments and trackback policy You Link We Follow, You Comment We Promote

Panasonic has finally got a green from Sanyo’s shareholders to buy out almost all shares of Sanyo. According to the deal, almost 70% of Sanyo’s shares will be bought by Panasonic for an estimated $6.41 billion. Is Panasonic buying out Sanyo to provide funds so it can better its problematic batteries (reminded me of battery issues related to Lenovo Thinkpads).