Breaking News

Samsung Brings the Ultimate Gaming Experience to 2021 Neo QLED and QLEDs GIGABYTE AORUS Gen4 7000s SSD- The Fastest PCIe 4.0 NVMe SSD TerraMaster Releases All-New TOS 4.2 Samsung Announces S21 series with new Galaxy Buds Pro Sony Launches Newest Addition to G Master Full-Frame Lens Series with the Indispensable FE 35mm F1.4 GM

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Sony To Sell Olympus Shares

Sony To Sell Olympus Shares

Enterprise & IT Apr 1,2015 0

Sony has entered into a contract to sell 17,243,950 shares of its 34,487,900 shares of Olympus Corp. to JP Morgan Securities Japan Co., Ltd. Sony now owns 5 percent of Olympus shares compared to 10 percent as of end-September 2014, Olympus said in a statement.

"Sony entered into this contract of sale to strengthen its financial resources and obtain funds for growth-oriented strategic investments," Sony said in a statement.

Following the sale, Sony plans to continue to collaborate with Olympus through its business alliance with Olympus and the medical business venture, Sony Olympus Medical Solutions Inc.

In connection with the sale, Sony expects to record a gain on the sale of approximately 46.8 billion yen as other income during the
first quarter for the fiscal year ending March 31, 2016.

Sony bought shares in Olympus in 2012, providing it with cash to fix its depleted finances after an accounting scandal forced it to restate several years of earnings.

Tags: SonyOlympus
Previous Post
Amazon Button for Instant Product Ordering
Next Post
Tech Industry Enjoys April Fools' Day

Related Posts

  • Sony Launches Newest Addition to G Master Full-Frame Lens Series with the Indispensable FE 35mm F1.4 GM

  • Sony Exhibits at CES 2021

  • Sony announces new SRS-RA5000 and SRS-RA3000 wireless home speakers

  • Sony announces new BRAVIA XR 8K LED, 4K OLED and 4K LED models with new “Cognitive Processor XR”

  • Xperia brings Android 11, the OS that gets to what’s important

  • SIGMA announces 24mm / 35mm and 65mm DG DN lenses for Full Frame Cameras

  • Sony: PS5 to gain HDMI 2.1 VRR support with future update

  • Sony Launches FX6 Full-frame Professional Camera to Expand its Cinema Line

Latest News

Samsung Brings the Ultimate Gaming Experience to 2021 Neo QLED and QLEDs
Consumer Electronics

Samsung Brings the Ultimate Gaming Experience to 2021 Neo QLED and QLEDs

GIGABYTE AORUS Gen4 7000s SSD- The Fastest PCIe 4.0 NVMe SSD
PC components

GIGABYTE AORUS Gen4 7000s SSD- The Fastest PCIe 4.0 NVMe SSD

TerraMaster Releases All-New TOS 4.2
Enterprise & IT

TerraMaster Releases All-New TOS 4.2

Samsung Announces S21 series with new Galaxy Buds Pro
Smartphones

Samsung Announces S21 series with new Galaxy Buds Pro

Sony Launches Newest Addition to G Master Full-Frame Lens Series with the Indispensable FE 35mm F1.4 GM
Cameras

Sony Launches Newest Addition to G Master Full-Frame Lens Series with the Indispensable FE 35mm F1.4 GM

Popular Reviews

CeBIT 2005

CeBIT 2005

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Hitachi DZ-MV100A DVD Camcorder

Hitachi DZ-MV100A DVD Camcorder

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed