Business Paper Confirms Sony-Olympus Strategic Partnership

More news arrive as word about the impending Olympus-Sony deal has been buzzing. Japan’s prominent business publication The Nikkei reports that Sony is planning to purchase a much larger stake in Olympus. From a current 0.03% share, Sony wants to grab around “20% to 30%” of its potential partner.

The alliance is aimed at putting together Olympus’ knowledge in endoscopes and medical equipment with Sony’s expertise in imaging sensor technology.

The Nikkei report adds that Sony is interested in expanding its investments in health care, since the company has been yielding weak numbers from its core consumer electronics category for the past several years.

Apart from Sony, the paper also says other companies such as Fujifilm and medical equipment manufacturer Terumo are interested in buying Olympus.

The scandal-riddled company will hold a shareholders meeting in April. Olympus also announces that it plans on selling parts of its shares to a strategic partner–most likely Sony–as a step in getting out of the rut.

Source: TechCrunch

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