Panasonic in talks to purchase Sanyo

I just posted the article Panasonic in talks to purchase Sanyo.

Panasonic and Sanyo have reached a preliminary agreement for Panasonic to acquire fledgling Sanyo for an undisclosed sum, according to a media report published by the Kyodo News Agency. …

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Fledgling? In what way? Sanyo has been around since at least the 1970’s, that’s hardly fledgling.

Sanyo was incorporated in 1950. Yes, fledgling is definitely used incorrectly here.

I’m going to guess maybe he meant struggling. Shame, Sanyo made some very good Beta decks back in the day. My 7250 is still going strong after thousands of hours of use. SuperBeta HiFi for $320 before there even was a VHS hifi.