Panasonic is thinking big and despite the current depression we are living in, the company is really considering the purchase of rival Sanyo. Panasonic plans to buy the majority of shares, or 428 million Sanyo preferred shares, from the top three shareholders: Sumitomo Mitsui Banking Corp., the Daiwa Securities SMBC Co. group and Goldman Sachs Group Inc. Those preferred shares can be transferable to third parties from March 2009 and Panasonic is really praying it will be the third party.

Sanyo and Panasonic have officially declared that there’s nothing officially settled regarding the sale.

Both Panasonic and Sanyo said in separate statements the same day that nothing has been decided on the takeover deal. The two companies combined total for 11 trillion yen which will make them the number one Japanese company. Let’s see what the future will bring, shall we?