Wednesday, August 28, 2013

Sony Buy Olympus Stocks Worth Rp6 1 Trillion

Sony Buy Olympus Stocks | Japanese electronics manufacturer, Sony, more established itself as the strongest company in the country to invest 50 billion yen (or approximately USD 6.1 billion) to acquire 11.5% stake in Olympus.

This Big step of SONY is linked to plan in exploring the business of health. Both companies will work together to create endoscopic devices and other medical equipment. Please note that Olympus is the largest endoscopic lens maker in the world with 70% market share.

This collaboration will make Sony dominate 51% stake in Olympus medical camera, and can put 4 directors of 7 existing directors. One of the products that may be raised is a new surgical endoscopy with a high resolution camera (4K) or a 3-dimensional function.


Currently, Olympus was plagued by accounting scandals, leading camera manufacturer that lost 1.7 billion dollars. However, Sony is looking at this deal as a strategy to reverse the companys condition. Sony itself has reported losses for four years in a row.