Panasonic Tipped To Become Biggest Shareholder In Olympus

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Panasonic, who recently announced multi billion dollar losses, is tipped to take a controlling share in Olympus.Olympus who recently faced their own scandal, that resulted in several former executives charged in Japan is set to get a $410m investment from Panasonic who make the Lumix Digital camera.

According to Japanese news agency Kyodo the investment by Panasonic will make them the largest shareholder of the camera and medical optics company.

Olympus isn’t making any comment.

Recently Fujifilm had made an offer to buy Olympus. In an interview with Shigetaka Komori, CEO of Fujifilm, it was revealed that the firm was ready to buy Olympus according to Tech Radar. Speaking to the German newspaper Frankfurter Allgemeine, Komori said: “We were ready to buy Olympus. We made an offer to Olympus, but I think Olympus is trying to remain independent.”

Panasonic is said to to be interested in the medical division of Olympus, which is the world’s largest manufacturer of medical endoscopes used in surgery and diagnostic procedures.

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