Olympus confirms that Sony is now its largest shareholder

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.

 Cover Feedback zeroFeedback