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

|About: Sony Corporation (SNE)|By:, SA News Editor

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.