After 58 Years: Panasonic To Cut The Cord With JVC Kenwood

Panasonic has been partnering with Victor Co. of Japan, which in 2008 merged with Kenwood to become JVC Kenwood, since 1954. But yesterday JVC Kenwood announced [JP, PDF] that Panasonic, its largest shareholder and business partner, will go alone in the future. Big P is apparently ready to sell 24,225,400 of its shares, a move that will make the company the seventh-largest shareholder in JVC Kenwood.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/8ZYga3cFO2Y/

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