Japan wants Nissan-NEC venture to take on Sony battery operations: media
January 25, 2013 11:42 AM EST
A state-backed fund wants a venture owned by Nissan Motor Co Ltd and NEC Corp to merge with Sony Corp's lithium ion battery operations to prevent rivals in China and Taiwan from capturing key technologies, the Yomiuri newspaper said on Friday.
Sony, which is hurrying to offload noncore operations, makes lithium ion power packs for tablets, PCs and mobile phones. Sony values the unit - which has three factories in Japan and two overseas assembly plants - at 52 billion yen ($580 million).
The Yomiuri said Japan's Innovation Network Corp of Japan is encouraging the Nissan-NEC venture, Automotive Energy Supply Corporation, to buy a majority stake in Sony's battery unit.
The state-backed fund has also offered to invest in the merged firm but is also looking for other domestic buyers in case talks fall through, the paper said, citing sources familiar with the matter.
($1 = 90.0000 Japanese yen)
(Reporting by Mayumi Negishi; Editing by Edwina Gibbs)
Most Popular Slideshows
- Prince Harry & Camilla Thurlow Getting Serious, St. Tropez Holiday Before The Prince’s 30th Birthday [PHOTOS]
- Angelina Jolie & Brad Pitt Heads to Malta For New Movie After A Whirlwind French Wedding [PHOTOS]
- Prince William & Kate Middleton Caught Flirting In A Countryside Dinner Date [PHOTOS]
- Chris Martin Getting Serious With Jennifer Lawrence, Actress Joining Coldplay Tour [PHOTOS]
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- Apple iPhone 6 Actual Release Date after September 9 Confirmed 128GB Variant with New Resolution
- Moto G2 Release Roundup: Specs, Pricing, and Release Date Details
- PlayStation 4 Killing Xbox One Costing Microsoft Millions But It's Fine
- Google Chrome 64-bit for Windows 8 and Window 7 with Mac Beta Available
- Apple iOS 8 vs Android 5.0 L: OS Wars Puts Android to Lower while Apple to Higher
- Nexus 6 on Release Date Confirmed with Phablet-Size Display as FCC Filing Hints of 5.9-Inch Screen
- Google Can Kill Samsung with Android KitKat and Android One: Here's How