RIP Sanyo

Panasonic confirms that Sanyo will soon cease to be

Panasonic has announced that the Sanyo brand will cease to exist from early next year.

It's unclear at this stage whether or not products like Sanyo's popular Xacti pistol-grip camcorders or projectors will move over to Panasonic's roster, but the news of 15,000 job cuts doesn't bode well for the electronics giant.

Panasonic bought Sanyo for £2.8 billion back in 2008 but a strong Yen and tough competition from the likes of Samsung and LG prove that even giants can have their bad days.

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