Wednesday, December 13, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
T-Mobile Enters The pay-TV Market With the Acquisition of Layer3 TV
Samsung Patents 'Double-sided' Smartphone
Apple Invests in FaceID Component Maker Finisar
Corsair Launches 4GHz DDR4 SODIMM 32GB Memory Kit
Google's Year in Search
Google Opening Artificial Intelligence Research Center in China
AT&T is Testing Broadband Internet Over Power Lines
Toyota and Panasonic to Start Study on Automotive Prismatic Battery Business
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

Wednesday, April 01, 2015
Sony To Sell Olympus Shares


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.



Previous
Next
Amazon Button for Instant Product Ordering        All News        Tech Industry Enjoys April Fools' Day
Amazon Button for Instant Product Ordering     General Computing News      Facebook User Tracking Violates EU Law, Research Says

Get RSS feed Easy Print E-Mail this Message

Related News
Sony Revives the AIBO Robot Dog
Sony Raises Earnings Outlook, as Camera Chips, TVs Fuel Recovery
Sony develops Remote-driven Electric Vehicle
Sony's New Full-frame α7R III Interchangeable Lens Camera Combines 42.4 MP Resolution and Speed
John Kodera Promoted to President and CEO at Sony Interactive Entertainment
New Sony Cyber-shot RX100 IV Supports Phase-detect AF and 24 fps Bursts
Sony Unveils New Smartphones, Audio and Imaging Products at IFA 2017
New Sony Magnetic Tape Storage Technology Supports High-Capacity 330 TB Recording
Image Sensors and Music Lead Sony's Growth
Sony Entertainment to Start Vinyl Record Production
Sony Xperia XZ Premium Flagship And Xperia Touch Projector will Cost You a Fortune
Sony Chief Promises Return to Profitability

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .