Reuters reported that Olympus is going to issue new shares worth $1.28 billion (100 billion yen) in order to stabilize its finances after the recent reports of massive fraud inside the company. Panasonic, Sony and Fujifilm were listed as the companies interested to acquire portions of the shares:
"Olympus Corp is preparing to issue about $1.28 billion (100 billion yen) in new shares to bolster its depleted finances, with Japanese high-tech stalwarts Sony and Fujifilm seen as possible buyers..
Panasonic Corp may also acquire some of the stock, the Nikkei report said, with details of the new share issuance due to be finalized by next month."
Update: Reuters just reported that prosecutors raided Olympus' offices and the homes of former executives in Tokyo.
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4 Comments
Good to know that Olympus will remain survive and continue as an independent company.
Nice to see they are following the time-honored tradition of thieves and idiots alike, “Buy high, sell low!”
Olympus is not an indipendent company since its only sensors supplier is also its most direct competitor. E-30, E-620, E-450, E-5, E-P1, E-PL1, E-P2, E-PL2, E-P3, E-PL3, E-PM1: all cameras with the same 2008 aged panathetic sensor. Try to compare raw file (on DPR i.e.).
I really hope Oly could find other partnerships, especially with Fuji.
Not surprised that Panasonic would step in and help.
That Fujifilm will also take part could finally mean a 2nd sensor for the m4/3 family.