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Panasonic looks to buy headlight maker ZKW for up to $885mn

Japanese manufacturer eyes new era of electronics in self-driving cars

OSAKA -- Panasonic plans to purchase European automotive lighting company ZKW in a move designed to increase the Japanese manufacturer's presence in automotive electronics, an industry undergoing rapid change amid progress in self-driving and electric vehicles.

The two companies are in the final stages of negotiations, and a basic deal could be hammered out by mid-December. The acquisition is expected to cost up to around 100 billion yen($885 million).

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