Panasonic Buys Sanyo for Its Batteries

Panasonic just finished buying a controlling stake in Sanyo for $4.6 billion to form a Voltron of consumer electronics that's the second biggest in Japan, behind Hitachi. Why? For Sanyo's batteries. Sanyo's the biggest global supplier of rechargeable batteries and solar panels, pulling in lots o' moolah for 'em. [Google/AP]


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