UPDATED: Panasonic Rumored to Sell Projector Division for $500 Million
UPDATE: Panasonic Connect reached out to rAVe on May 30, 2024, to offer the following comment: The recent reporting is not the result of any announcement by Panasonic. Regarding the contents of the below report and others, no decisions have been made at this time, and the company has nothing further to say.
The Nikkei Asia Newspaper is reporting that Panasonic is close to selling its projector division — out from under its Panasonic Connect Division. It apparently has multiple bidders but, the most likely candidate as a buyer is ORIX.
Here’s the official story: https://asia.nikkei.com/Business/Business-deals/Panasonic-to-sell-projector-business-to-fill-growth-war-chest
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