We’ve been expecting this one for a while now, but it’s finally official. Panasonic has picked up Sanyo for over four and a half billion dollars.
Company acquisitions seem to come in threes. First Comcast picked up NBC Universal, then Kodak’s OLED business was purchased by LG. The announcement that Panasonic has picked up Sanyo isn’t a surprise, but it does mark the third huge sale in the span of just over a week.
Panasonic has talked at great length about their plans for the company, which specializes in batteries and solar energy. The first and most intriguing project mentioned is that of a home monitoring station for energy expenditure.
By using the station, homeowners will be able to closely monitor their energy use right on their televisions. This would presumably include the amount of energy being used by Panasonic’s own plasma TVs.
Panasonic recently announced a green initiative which, according to a company representative, will not affect the production of plasma displays. Though plasmas are heavily targeted as being inefficient with energy, Panasonic has no desire to give up a business in which they hold a great deal of market share.
Source: The Street