Sony (SNE +2.4%) moves ahead with its plan to take a stake in Olympus (OCPNY.PK) with a ¥50B...


Sony (SNE +2.4%) moves ahead with its plan to take a stake in Olympus (OCPNY.PK) with a ¥50B ($644M) investment for a 11% holding in the embattled company. The two companies will set up a JV to develop new medical equipment as Sony eyes ways to make up for its struggling electronics business. Though the deal was expected, ratings agencies could still have to something more to say about Sony's latest venture.
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Comments (1)
  • Stephen Simpson, CFA
    , contributor
    Comments (1838) | Send Message
     
    Not to quibble, but I think that's supposed to be an "M" after the $644, not a "B"...
    27 Sep 2012, 01:25 PM Reply Like
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