According to a Nikkei report, Matsushita is finalizing plans to sell its shares in its subsidiary JVC (Victor Co. of Japan) to TPG (Texas Pacific Group), a US investment fund. The two companies are currently negotiating details such as number of shares, sales price, and restructuring plan. TPG has expressed intention to buy out Matsushita's 52.4% stake, as well as shares in JVC held by others. Matsushita expects to close the deal by the end of March 2007.