Sony May Buy Into Olympus
Add to the many rumors about an investment in troubled Olympus a possible move by Sony (NYSE: SNE). Sony has been on a short list which includes Fujifilm and Samsung. Olympus has been crippled by a financial fraud scandal, dismissal…
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Add to the many rumors about an investment in troubled Olympus a possible move by Sony (NYSE: SNE). Sony has been on a short list which includes Fujifilm and Samsung.
Olympus has been crippled by a financial fraud scandal, dismissal of executives, and suits against its board members. What Sony sees in the company is hard to say, if indeed, legal matter continue to disrupt Olympus’s ability to do business.
WSJ reports that
Sony might be willing to acquire as much as a 30% stake, which would be valued at about ¥100 billion at Olympus’s current market capitalization, one of the people said.
That is $1.3 billion in US dollars
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