Sanyo Electric Co., a subsidiary of Panasonic Corp. (6752), is reportedly in talks to sell its digital camera business to an investment fund and the sale may be completed by the end of this year.
Sanyo has no camera brand of its own, instead it supplies products on an OEM basis to several firms including Olympus Corp. (7733). Its digital camera production reached about 11 million units in the year ended March 2011.
While Panasonic has its own digital camera operations, the businesses have been kept separate and Sanyo spun off its operations in this July with an eye toward their eventual sale.
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