Sony makes Olympus rescue pact official with $645 million funding

Sony makes Olympus rescue pact official with $645 million investment

After months of hypothesis about who would step in to save lots of the scandal-ridden Olympus‘ rocky fortunes, Sony has lastly opened up its checkbook. The 2 corporations are getting into right into a “enterprise and capital alliance,” with Sony pumping in $650 million to its former rival. In trade, it is gaining a seat on the corporate’s board and a fifty one % stake in a brand new three way partnership based mostly on Olympus’s coveted medical imaging tech — one thing Kaz Hirai outlined in his “One Sony” technique. The deal additionally features a element-sharing settlement within the images area, with Olympus mirror cells and digital camera lenses being given to Sony, whereas picture sensors (the place Sony is very robust) will go the opposite means.

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