Sony (SNE) is likely to this week authorize an investment of ¥50B ($642M) in cash-strapped...

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

Sony (SNE) is likely to this week authorize an investment of ¥50B ($642M) in cash-strapped Olympus in return for a 10% stake, Reuters reports. The companies would create a JV to develop medical equipment, which would provide Sony with new sources of revenue. Meanwhile, Olympus and three former execs, including ex-chairman Tsuyoshi Kikukawa, have pleaded guilty to charges connected to the company's $1.7B accounting fraud.