The two major Micro 4/3 partners will soon become much closer, reports The Japan Times.
Pansonic will bolster sagging TV-set earnings by providing between 30 and 50 billion yen (approx. US$378–631 million) to Olympus, in return for shares issued in a private offering.
Some Olympus executives had wanted the company to remain independent, but that proved not to be feasible. Panasonic was evidently selected because Olympus is eager to partner with it on business and product initiatives, apart from the infusion of capital. Spurned suitors include both Sony and Fujifilm, both of which made offers to form business alliances with Olympus.
(Thanks to Mike Hagburg)
UPDATE June 7th: Or, maybe not (thanks to NikoJorj for this).
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