Sony and Fujifilm rivals for Olympus equity

Olympus
Sony and Fujifilm are the latest companies in the frame for an Olympus takeover

A source has claimed that Sony and Fujifilm are the leading contenders to partner up with Olympus, which is looking to improve its finances after being hit with scandal in the latter part of 2011.

Several contenders have been named in the past few weeks, including Japanese rival Panasonic, and the Korean based Samsung.

Olympus, although perhaps most famously known for its camera division, also has a successful medical arm, which is where most of its profits come from. Sony is said to be keen to tap into the lucrative business of diagnostic endoscopes, which Olympus has a 70% global market share in.

Stock

Newspapers in Japan have reported that Sony's Chief Executive had given the go ahead for an equity deal. Meanwhile, shares in Olympus have risen by 8.2%, helped also by the Tokyo Stock Exchange's decision to keep the stock listed. Shares remain down by about 50% since October, when it fired its chief executive Michael Woodford which went on to a series of revelations about the company going back as far as 1990 to be revealed.

Fujifilm on the other hand, is also involved in the medical business, currently holding a 10% share of the endoscope market is reportedly interested in supporting the company, though Japan's antimonopoly rules could be a hurdle.

Any equity decision still appears to be far off, as negotiations are stunted by a lack of leadership at Olympus, which has seen several CEOs fired or dismissed in recent months. The current management has said it will not resign until the shareholders' meeting at the end of April.

Meanwhile, a group of shareholders is rumoured to be preparing a lawsuit against Olympus over the slide in share prices.

via Reuters

TOPICS
Amy Davies

Amy has been writing about cameras, photography and associated tech since 2009. Amy was once part of the photography testing team for Future Publishing working across TechRadar, Digital Camera, PhotoPlus, N Photo and Photography Week. For her photography, she has won awards and has been exhibited. She often partakes in unusual projects - including one intense year where she used a different camera every single day. Amy is currently the Features Editor at Amateur Photographer magazine, and in her increasingly little spare time works across a number of high-profile publications including Wired, Stuff, Digital Camera World, Expert Reviews, and just a little off-tangent, PetsRadar. 

Latest in Cameras
Nikon Z5
The Nikon Z5 II could land soon – here's what to expect from Nikon's rumored entry-level full-frame camera
DJI Mavic 3 Pro
More DJI Mavic 4 Pro leaks seemingly reveal launch date, price and key features of the triple camera drone – here's what to expect
L-mount alliance
Sirui joins L-Mount Alliance to deliver its superb budget lenses for Leica, DJI, Sigma and Panasonic cameras
Nikon Z8 camera in the hand with 4-axis screen pulled out
We think the Nikon Z8 is the best hybrid camera for pros and it just hit a record-low price
Holding the Fujifilm GFX100 RF medium-format compact camera
Fujifilm GFX100RF preorders are live: where to buy Fuji's latest medium format compact camera
Xiaomi 15 Ultra smartphone housed in the Xiaomi Photography Kit, with user hold the phone up to take a photo outdoors
I swapped my $3,000 camera for the Xiaomi 15 Ultra for a month – here's what I learned
Latest in News
OpenAI logo
OpenAI just launched a free ChatGPT bible that will help you master the AI chatbot and Sora
Monster Hunter Wilds
Monster Hunter Wilds Title Update 1 launches in early April, adding new monsters and some of the best-looking armor sets I need to add to my collection
Zotac Gaming RTX 5090 Graphics Card
Nvidia Blackwell stock woes are compounded by price hikes as more RTX 5090 GPUs soar in pricing, and I’m sick and tired of it all at this point
A collage of Elizabeth Olsen's Scarlet Witch and Tatiana Maslany's She-Hulk
Marvel fans are already tired of Doomsday and Secret Wars cast gossip as two more superheroes get linked with roles in the next two Avengers movies
Four operators survey Verdansk. One holds a sniper rifle, one binoculars, another holds is landing with their parachute, while the last wears a skull mask
New Call of Duty: Warzone trailer shows a beautiful rebuilt Verdansk, but some fans want more: 'it won't be the same unfortunately'
An Apple Music pink/pixellated poster advertising DJ with Apple Music
DJ with Apple Music lands, allowing subscribers to build and mix DJ sets directly from its +100 million-song catalog