Tuesday, April 24, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Unveiled New Onyx Cinema LED Screen at CinemaCon
Samsung's Fastest 970 PRO and EVO NVMe SSDs Are Launching Worldwide
Music Streaming Becomes Largest Revenue Source, Physical Sales Decline
New Wi-Fi Capabilities Provide Context-aware Services
Facebook Outlines Internal Enforcement Guidelines For the First time
CyberLink Launches First AI Style Video Editing Plugin for Windows PC
Amazon to Bring Packages Inside Your Locked Car
Xiaomi Takes the Lead in the Indian Smartphone Market
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Sony To...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, September 28, 2012
Sony To Strengthen Its Medical Business With Olympus Tie-up


Sony and Olympus have agreed on a business alliance that will see Sony invest 50 billion yen ($640 million) for an 11 percent stake in the medical equipment and camera company.

The deal was widely expected as Sony president Kazuo Hirai had expressed interest in such a move as part of a turnaround at the Japanese electronics and entertainment company.

The two companies said they will set up a company together later this year, 51 percent owned by Sony and the rest by Olympus, to work on new businesses.

"As part of our strategic initiatives announced in April 2012, we are aggressively pursuing the growth of of our medical business, with the aim of developing it into a key pillar overall business portofolio. The business and capital alliances we have agreed with Olympus today will be integral to these plans. By combining Sony's cutting-edge technologies in areas such as digital imaging, 3D and 4K with Olympus's long-standing experience and established foundations in the medical market, we believe that will be able to create highly innovative and competitive products and generate new business opportunities in surgical endoscopes and other related areas where significant future growth is anticipated. We also believe there are many potential opportunities for collaboration between Olympus and Sony's digital camera businesses, and are confident that by building on our respective strengths we can also enhance and grow presence in thi are confident that by building on our respective strengths we can also enhance and grow presence in thi are confident that by building on our respective strengths we can also enhance and grow presence in this market," commented Kazuo Hirai, Sony Corporation President and CEO.

Sony will buy an 11.46 percent stake in Olympus and become its largest shareholder in two tranches. In the first, to be done by Oct. 23, Japan's biggest consumer-electronics exporter will purchase 13.1 million shares at 1,454 yen apiece, costing 19 billion yen. In the second tranche, Sony will buy 21.3 million shares at the same price, costing 31 billion yen. This will be completed by Feb. 28.


Previous
Next
Sony To Release Blu-spec CD2 Audio CDs        All News        RIM Reports Surpising Q2 Results
Kodak To Stop Producing Consumer Printers     General Computing News      Rambus and Fujitsu Sign Patent License Agreement

Get RSS feed Easy Print E-Mail this Message

Related News
Sony's DPT-CP1 Paper E Ink Tablet Coming Early June
Sony's Xperia XZ2 Premium Brings Ultra-high Sensitivity Dual Camera, 4K HDR Movie Recording and Display
New Sony a7 III 24MP Full Frame Mirrorless Camera Retails For Less Than $2,000
Sony's New Xperia XZ2 Supports 4K HDR Video Recording
Sony to Build Taxi-hailing System
New Sony Back-Illuminated CMOS Image Sensor Enables Global Shutter Function
Sony Announces Pricing for X900F and X850F Series 4K HDR Ultra HD TVs
Music and TV Sales Fuel Sony's Record Third Quarter Profit, Hirai to Step Down
Sony to Showcase New Creative and Technological Concepts at SXSW 2018
CES: Sony Presents New OLED TVs, Audio Products, Robot Car Image Sensors
Sony Unveils new Selfie Xperia XA2 and Xperia XA2 Ultra Smartphones
Sony Revives the AIBO Robot Dog

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .