Some good shinning light is going to brighten the sky for struggling camera manufacturer Olympus as Sony is in the way forward to invest $623 million in the company, making itself Olympus’ largest shareholder, accounting a total stake of more than 10 percent. Earlier, this month Panasonic agrees to provide the company $635 million in capital, but the scandal-hit and planned staff reductions of over 2,700 employees with Sony’s investment move will help company to try again to put its foot more stronger this time. “This is not something that we have announced,” the representative told Reuters. “It has not been decided yet.” Sony and Olympus are said to be in the final stages of the discussion and hoping to strike a deal within the next month.
I2Mag, an Internet & Design Inspiration Magazine having emphasis on empowering and inspiring people by spreading the waves of knowledge of technology world. I2Mag is an independent news source dedicated to covering start-ups, reviewing internet products, social media, digital culture and technology news.
- Lenovo Unveils New Idea PCs At IFA 2012: U510, Y400, Y500, Z400, Z500 - 7780 views
- LG’s L9 Android Phone Announced With IPS Display, OCR Translation App - 7772 views
- Samsung Announces 75-inch Smart TV, On Sale In South Korea For $17,424 - 7588 views
- Oxford And Vatican Libraries To Digitize 1.5 Million Pages Of Ancient Texts - 7287 views
- Breaking: Apple Posts Q1 2013 Results, $54.5B Revenue, $13.1B Profit, $13.81 EPS, 47.8M iPhones Sold - 7043 views
- Virgin Atlantic Becomes First Airline In UK To Offer In-Flight Mobile Service - 6667 views
- Nikon Releases 1 J2: 10.1MP CX-format CMOS Sensor, Expeed 3 Processor, $549.95 - 6465 views