SANYO PANASONIC : Panasonic and SANYO Agree to Begin Discussing a Capital and Business Alliance

Here's some interesting news concerning two companies I appreciate very much, SANYO and Panasonic. I'm not going to spoil the fun (press release below), but Panasonic and SANYO are working on a business alliance for developing more cool and amazing products!

Osaka, November 7, 2008 --- Panasonic Corporation (NYSE: PC/ TSE:6752, “Panasonic”) and SANYO Electric Co., Ltd. (TSE 6764, “SANYO”), upon the resolutions of the meetings of their respective Boards of Directors held today on November 7, 2008, agreed to start discussions for capital and business alliance between Panasonic and SANYO.

Panasonic and SANYO will start discussions, with the aim of maximizing both companies’ corporate values by pursuing synergies between both companies and further strengthening initiatives to achieve potential revenue and profit growth through this alliance.

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