Data provided by McGregor BFA
All data is delayed
Loading...
See More

Sony, Olympus form new alliance

Oct 01 2012 08:06 AFP

Related Articles

Sony to pump ¥50bn into Olympus

Olympus faces noisy shareholders meeting

Olympus names new president

Former Olympus executives, bankers arrested

Samsung, Olympus mull alliance - source

Ex-Olympus execs plead guilty to fraud

 

Tokyo - Sony's new alliance with scandal-tarnished Olympus will produce endoscopes and other surgical tools packed with the Japanese electronics and entertainment maker's three-dimensional imagery and super-clear display technology called 4K.

The plan to have both "3D and 4K" in such products were announced Monday by Sony President Kazuo Hirai at a joint news conference with Olympus President Hiroyuki Sasa at the Tokyo Chamber of Commerce.

The deal, announced Friday, calls for Sony to invest ¥50bn to become the top shareholder in Olympus. Olympus needs to shore up its finances after a cover-up scandal of massive losses.

Hirai said Sony is aiming to control more than 20% of the surgery-medical equipment market by 2020. He said it couldn't do it alone and needed Olympus' expertise.


*Follow Fin24 on TwitterFacebookGoogle+ and Pinterest.


sony  |  olympus
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

DA ad scores nearly half a millions hits on YouTube

The DA's "Ayisafani" (It's not the same) election TV advert - originally pulled off the air by the SABC - has garnered nearly half a million views on YouTube.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...