Sony Investing in Olympus for Digicam Tech

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Sony has announced it plans to invest $645 million in Olympus, which in addition to being a consumer camera manufacturer, is also a major medical supplier of endoscopes and other devices. The two will be working together to improve endoscopy camera technology, including advancements in 4K resolution and possibly 3D imaging. As part of the deal, Sony will have an 11% stake in Olympus overall.

Olympus and Sony will also be partnering in the digital camera market as well, combining resources to develop better digital camera technology. Olympus plans to bring its lenses and mirror cell technology to the table while Sony will be providing its sensors.

Sony has been struggling financially, and Olympus has admitted to covering up losses for more than a decade, so this announcement could help both companies. The two will form one company for the medical imaging portion,in which Sony will hold 51% ownership and Olympus will hold 49% ownership. 

Source: WSJ via The Verge

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