 In Tokyo, Sony has purchased 11% of Olympus Corp and this new union seems to be the right move considering both companies have had significant financial problems lately. Sony has recorded losses for four straight years now and Olympus had hidden $1.5 billion in investment losses by keeping them off the books.
This team-up could easily lead to some very exciting electronics developments and should be a buzz-worthy topic for tech-heads everywhere.Sony is expanding its sprawling electronics to movies business empire with a new venture - looking inside the human body.
The company on Friday said it will spend 50 billion yen ($640 million) for an 11 percent stake in Olympus Corp., an embattled maker of endoscopes, which are the long thin camera-equipped instruments that allow medical professionals to peer inside the body.
The deal was widely expected as Sony president Kazuo Hirai had expressed interest in moving into the medical equipment business.Read More on Bradenton.com
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