Olympus confirms that Sony is now its largest shareholder
Sony acquired a stake in Olympus’ future when it made a $645 million funding into the troubled digital camera agency final September, getting a board consultant and a controlling share of a medical imaging challenge. As of this weekend, nevertheless, the foot is that a lot additional within the door: it is now Olympus’ largest shareholder. A share switch promised alongside the funding, and formally accomplished on the twenty second, has boosted Sony’s stake from four.7 % to only underneath eleven.5 %. The share change does not give Sony sufficient affect to dictate Olympus’ day-to-day affairs, however Sony will not should do as a lot to rally help if it needs motion. Olympus is not in the perfect place to kick such a big investor to the curb, both. We might anticipate the corporate to at the least pay attention extra intently to what its main funding supply has to say.