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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, …

Read the whole story at DP Review.


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