24Jan/120
Sony seeking Olympus stake: report
Japanese electronics giant Sony is reported to be in talks to take a stake of up to 30 percent in Olympus as the camera firm looks to shore up its finances after a US$ 1.7 billion cover-up scandal. The Nikkei business daily says the electronics giant has proposed a capital and business tie-up with the camera and medical equipment maker, offering to take a maximum stake of about 20 to 30 percent. Several Japanese and foreign companies have been mentioned in the media as possible business partners for Olympus in the wake of the scandal.