Reuters: Technology News: Panasonic to provide Olympus with up to 50 billion yen in capital: Kyodo

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Panasonic to provide Olympus with up to 50 billion yen in capital: Kyodo Jun 6th 2012, 00:00 Tweet Share this Email Print Related News Sony, Panasonic top candidates for Olympus tie-up: Asahi Tue, May 29 2012 Renesas says to tie up with TSMC in chip business Thu, May 24 2012 UPDATE 3-Japan's Renesas to cut 6,000 jobs, raise capital-report Tue, May 22 2012 Toshiba plans to double operating profit by 2014-15 Thu, May 17 2012 Sony, Panasonic in talks to make OLED TVs: sources Tue, May 15 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » A logo of Japan's Olympus Corp is pictured at the company headquarters in Tokyo April 3, 2012. Credit: Reuters/Yuriko Nakao TOKYO | Tue Jun 5, 2012 8:00pm EDT TOKYO (Reuters) - Panasonic Corp is making final arrangements to provide up to 50 billion yen ($635 million) in capital to Olympus Corp in a move that will make Panasonic the top shareholder in the company, which has been hit by a massive accounting scandal, Kyodo news agency reported. Panasonic, a leading electronics maker struggling with sluggish TV sales, aims to secure a new source of revenue by forming an alliance with Olympus in its mainline operation of medical devices, Kyodo said, citing unidentified sources familiar with the move. ($1 = 78.6650 Japanese yen) (Reporting by Ayai Tomisawa; Editing by Chris Gallagher) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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