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Industry News: Sony Sells Its Stake in Olympus

By David Schonauer   Wednesday September 11, 2019

After an accounting scandal led to the arrest of former Olympus president Tsuyoshi Kikukawa, Sony stepped in with financial aid, acquiring an 11.5-percent stake in Olympus for 50 billion yen ($47 million at today’s rate) in 2012-13, notes DIY Photography. Sony has since sold off some of those shares, and now, reports DP Review, it has sold it’s remaining 5 percent, after declaring the alliance between the two companies has achieved what it set out to do. Sony also made a tidy profit.

Read the whole story at DP Review.

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