Sony To Make $623 Million Investment In Olympus

Posted on Jun 23 2012 - 11:42am by Editorial Staff

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.

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