Wednesday, September 26, 2012

Sony Invests $642 Million In Olympus, Becomes Largest Shareholder

olympuslogoSony is expected to approve a plan to invest around $642 million (50 billion yen) in Olympus. As the Japanese manufacturer of cameras, optics and reprography products is currently facing a trial for having hidden investment losses for the past 20 years, it has been looking for a potential investor for months. By injecting that capital investment, Sony will become the largest shareholder.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/MwZquMQ1G8k/

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