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Panasonic has launched a bid to take over Sanyo in a deal that would make it one of Japan’s biggest electronics companies. The Guardian says Panasonic is offering ¥402bn (£2.7bn) to secure a majority stake in Sanyo. According to CrunchGear, the new firm “will rival Japan’s biggest electronics company, Hitachi, in terms of sales”. The main reason for Panasonic’s interest in Sanyo, however, is that the takeover would fortify the former’s position in the field of “green” energy.

Via The Guardian | CrunchGear