Japanese Panasonic is reported to buy out Sanyo Electric and Panasonic Electric Works, according to a July 28, 2010 report by Reuters. It is projected that the deal will cost Panasonic more than US$10 billion. Through taking full control over the two companies, it is expected that Panasonic is going to turn its eyes to green energy and environment-related business. Sanyo Electric is a manufacturer of rechargeable batteries and solar cells, and in December 2009, the company sold 50% of its shares to Panasonic for US$4 billion. Panasonic Electric Works is a maker of housing material and lighting equipment, and Panasonic currently owns a 51% stake in the company.