Japan's Sony Corp. halves stake in Olympus
By Reuters
Apr 01, 2015 08:44 AM EDT
Regions
Japan's Sony Corp has halved its stake in camera and endoscope maker Olympus Corp and is no longer its top shareholder, according to Olympus.
Sony now owns 5 percent of Olympus shares compared to 10 percent as of end-September 2014, Olympus said in a statement.
Sony bought shares in Olympus in 2012, providing it with cash to fix its depleted finances after an accounting scandal forced it to restate several years of earnings.
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