FTC Approves $9 Billion Merger Of Panasonic, Sanyo
John Eggerton -- Multichannel News, 11/24/2009 8:53:00 AM
The Federal Trade Commission has given its go-ahead to Panasonic's $9 billion purchase of Sanyo.
Both count TV sets among their many products. Sanyo, for example, has essentially become the house brand for retail giant Wal-Mart Stores, according to TWICE editor-in-chief Stephen Smith.
The FTC approval came after the two companies agreed to sell Sanyo's assets in batteries for first responder radios within 15 days, with one 15-day extension allowed. The companies are the two largest manufacturers and sellers of the radios.
With that overlap out of the way, the FTC said there were no other competitive concerns with the meld.
The public will have 30 days to comment on the approval of the consent-decree agreement by the two companies, which was approved by the commission 4-0.
The approval will wind up being a Christmas present of sorts to the consumer electronics companies. The FTC said the public comment period will be up Dec. 25, after which it will make the decision final.
BigBand Networks, Inc. NASDAQ: BBND provides broadband service providers with innovative network solutions designed to make it easier to move, manage and monetize video. These solutions are based on BigBand's video-networking platforms that are...
more
At Trylon SMR, we are dedicated Public Relations professionals solely serving clients in the media, technology, telecommunications, and related industries. We understand the specialized types of audiences our clients need to reach and the best...
more
PeakView is a software applications provider to the cable television and satellite communications industries. PeakView develops productivity tools for daily operations that help technicians, supervisors and managers access and use existing data...
more
A leader in online technology, content & revenue solutions, WorldNow is the only company to provide comprehensive technology platforms & strategic advertising services, enabling media companies to expand to the digital realm with innovative Web...
more
SeaChange International is a leading provider of software applications, services and integrated solutions for video-on-demand (VOD), digital advertising, and content acquisition monetization and management. Its powerful open VOD and advertising...
more
Normal
0
MicrosoftInternetExplorer4
The Association of Cable Communicators headed
west from Washington, D.C., to Denver as its 2009 Forum and Beacon Awards ceremony became
part of Cable Connections-Fall festivities.
HBO Sports senior vice president Mark Taffet discusses the PPV performance prospects for the Sept. 19 Floyd Mayweather Jr.-Juan Manuel Marquez boxing event as well as the network's PPV fight schedule for the rest of the year during a recent interview with Multichannel News.
VIEW ALL PODCASTS
