4 days ago
Panasonic's projector business sale to Orix collapses
Panasonic had planned for Orix to take a majority stake in a new projector company. (Source photos by Nikkei)
NARUSHI NAKAI
OSAKA -- Panasonic Holdings' sale of its commercial projector business to Japanese financial services group Orix has fallen apart after the two sides could not agree on terms, it was learned Tuesday.
Panasonic envisioned a transaction worth 118.5 billion yen ($807 million). In April, group company Panasonic Connect spun the projector business off into a new subsidiary named Panasonic Projector & Display.
