Panasonic Corp just announced that it will pay $4.6 billion to take the reins at Sanyo Electric Company. With the two companies’ powers combined, the result will be one of the largest electronics makers in the world.

Panasonic will pay 403.78 billion yen ($4.6 billion) for 50.2 percent of Sanyo, paying 131 yen per share. The move will enable Panasonic to tap the Sanyo team’s expertise in terms of green technologies like solar panels and … Read the rest