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Panasonic gearing up to offer $635 million bailout to save troubled Olympus
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Panasonic gearing up to offer $635 million bailout to save troubled Olympus
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7th June 2012, 06:34
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 26,797
 |  Panasonic gearing up to offer $635 million bailout to save troubled Olympus Panasonic is reportedly putting the final touches to a 50 billion yen ($635 million) bailout package to save Olympus. Panasonic will become the largest shareholder of the scandal-ridden camera maker, reeling from a $1.7 billion accounting fraud uncovered last year, with an eye on getting a foothold in Olympus' profitable medical imaging business. It gives us hope that the current range of blockbuster shooters including the OM-D won't be sacrificed in a last-ditch attempt to make the books balance. http://www.engadget.com/2012/06/06/p...ympus-bailout/ |
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