Sony sells a piece of its Olympus stake for a quick buck

Sony sells a chunk of its Olympus stake for a fast buck

Kaz Hirai’s plans to save lots of Sony have run from integrating its many disparate enterprise models via to only promoting off every thing, even the stuff that is nailed down. Now, the corporate is eliminating half of its stake in Olympus within the hope of elevating some additional money for “progress investments.” Sony took a $645 million stake within the one-time rival again in 2012 as an try and get in on Olympus’ profitable medical imaging enterprise — which was spun off right into a three way partnership. Sony might not be Olympus’ largest shareholder, however the pair will nonetheless collaborate on healthcare and imaging units. Somebody ought to inform Hirai that he’d higher spend this cash correctly — he is operating out of issues to promote.

[Image Credit: Koji Sasahara/Associated Press]

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