Talks between Panasonic and rival Sanyo began on Friday with regard to a possible buyout deal. The two electronics manufacturers could complete a merger as soon as year’s-end, which would effectively create the largest Japanese electronics company, surpassing Hitachi. “We need another engine for growth, “said Panasonic president Fumio Ohtsubo, “We need another pillar for far greater growth. And Sanyo was that best partner.” In addition to a possible joint future, the companies have an interesting shared history: The founders of the two electronics giants were brothers-in-law.
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