Printed from http://www.electronista.com

Panasonic and Samsung pursuing alliance with Olympus?

updated 09:55 pm EST, Tue January 31, 2012

Leak corroborates earlier reports

Both Panasonic and Samsung are reportedly engaged in talks that may lead to a financial partnership with Olympus. Details posted in the Mainichi newspaper corroborate earlier leaks surrounding a potential deal with Samsung, while also pointing to separate negotiations with Panasonic and another Japanese company.

The reports shed light on closed-door negotiations as several major players are believed to be competing to provide financial backing to Olympus, which recently admitted to a financial scandal dating back to the '90s. The company is facing a $1.7 billion accounting discrepancy, leading shareholders to dump the stock and cut its market cap in half.

Although Olympus produces cameras for the consumer market, the company's core strength lies in its dominant position in the market for medical endoscopes.

Separate reports suggest Sony may be the most likely suitor, as both companies are rumored to be close to finalizing an agreement. An alliance with any company is expected to require approval from the company's fresh management team and a vote at the next shareholders meeting in April. [via Reuters]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Samsung Galaxy S 5

The Samsung Galaxy S5 might be the phone that Android users have been craving for some time. Information coming out of Mobile World Co ...

STM Trust technology bag

The search for a good messenger bag that doubles as a laptop bag is something many travelers find themselves facing at least once. Bet ...

PenClic Bluetooth mouse

Windows 8 aside, computer users have been trained that a mouse is the proper way to navigate through the desktop for many years now. T ...

Sponsor

toggle

Most Commented

 
toggle

Popular News