avzombie.com

Is the sale of JVC from Matsushita to US private equity firm Texas Pacific Group about to fall through? According to Reuters, a reluctance of banks to finance the 560 million dollar purchase price could scupper the deal altogether. Majority share-owner Matsushita is desperate to off-load the ill-performing Japanese CE company. If the TPG deal sours, then previous bidders Cerberus Capital Management and Kenwood USA could be invited back to the table.