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Sony to buy stake in Olympus?

Written by Andre Yoskowitz (Google+) @ 24 Jun 2012 16:32 User comments (1)

Sony to buy stake in Olympus? According to multiple sources, Sony will look to invest $620 million into the desperate digital camera maker Olympus.
The once-giant company was rocked by an accounting scandal earlier this year, with most major executives being forced to resign. The company had to restate their past earnings to show losses in the billions that had been hidden in off-balance sheet vehicles.

If accurate, the deal would make Sony the company's largest shareholder with an 11 percent stake.

Both companies declined comment but the sources expect the deal to close net month.

Using its position, Sony will likely team up with Olympus on camera technology and its medical equipment business.

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1 user comment

125.6.2012 11:39

"...Sony will look to invest $620 million into the desperate digital camera maker Olympus."... Rather than invest in a hard nosed, cut throat team of business executives who'll tell them how to build a better customer relations/service model.

No, no... that would cost far less & put more money into better quality products.


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