Matsushita and Canon would likely invest 100 billion yen ($883 million) each in Hitachi unit Hitachi Displays Ltd and take minority stakes, and the three would work together to develop OLED panels, the paper said without citing sources.Matsushita Electric Industrial Co and Hitachi Ltd are discussing multi-billion dollar deals on flat panels that could reshape an industry hit by fierce competition, a source familiar with the matter said.
Matsushita and digital camera maker Canon Inc are also seeking to take stakes in Hitachi Displays Ltd, aiming to develop organic light-emitting diode (OLED) panels, which are seen as a next-generation display technology.
For Canon, the investment in Hitachi Displays would give it access to OLED technology which it hopes to use in its digital cameras.
