December 18, 2008 according to the Japanese **** the same news agency reported, Panasonic on the acquisition of Sanyo Electric and Sanyo's major shareholders of the U.S. financial giant Goldman Sachs and three other financial companies reached an agreement to publicly buy Sanyo shares (TOB) at a price of 131 yen per share (about 10.27 yuan yuan). It is expected that the overall acquisition amount will exceed 560 billion yen (about RMB 43.68 billion, USD 6.4 billion). The three financial institutions reportedly own about 70% of Sanyo's shares based on ordinary share conversions. With this agreement, Panasonic can realize the incorporation of Sanyo into its subsidiary in the spring of 2009, and henceforth become the largest electrical appliance maker in Japan[1]. Since then by the United States, the European Union and China's antitrust investigations, the acquisition has been delayed.