Panasonic’s plans to rescue Olympus

Reports are coming out that Panasonic will be investing $635m into the troubled Olympus.

Last year revealed Olympus’s $1.5b accounting scandal that has plunged the company into a financial crisis and made their future uncertain.

However, Olympus is now expected, in a private offering, to issue shares to Panasonic – allowing them to become the largest shareholder in the company.

It is unclear what kind of impact this would have on the future productions of the companies. However, the two companies have work on projects before – so hopes are high for some new interesting ventures.

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One comment

  1. Good! I love my LX-5 from Panasonic and have heard wonderful things about Olympus cameras. Should be a good combo.

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