Sony to invest $642 million in Olympus

According to Reuters, Sony will invest $642 million for a 10% stake of Olympus:

"Sony Corp will likely approve a plan this week to invest 50 billion yen ($642 million) in cash-strapped Olympus Corp, becoming its biggest shareholder with around a 10 percent stake, three sources familiar with the deal told Reuters."

Based on previous reports, both companies are expected to work together on developing medical devices and digital camera components.

Update: former Olympus executives plead guilty in fraud trial.

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  • $5000 really Hassy?!

    :-O that’s pretty interesting news. Maybe Olympus will do better making a NEX-7 alternative than Hassy did with the Luna. 😉

  • D-RiSe

    As a camera a full-frame OM-D would be nice.. too bad they don’t have the lenses for it

  • Pablo Ricasso

    Sonikon vs Solympus!

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