On Wednesday, reports circulated that Panasonic was interested in injecting a $630 million capital investment into Olympus Corp, but Panasonic CEO Fumio Ohtsubo has stepped up to squash these rumors. According to Reuters, he said that "there isn't any" plan to invest in Olympus. This is unfortuante news for the beleaguered camera company, which is most definitely in trouble.
Friday, June 8, 2012
Panasonic CEO: We Have No Plans To Invest $630M Into Olympus
On Wednesday, reports circulated that Panasonic was interested in injecting a $630 million capital investment into Olympus Corp, but Panasonic CEO Fumio Ohtsubo has stepped up to squash these rumors. According to Reuters, he said that "there isn't any" plan to invest in Olympus. This is unfortuante news for the beleaguered camera company, which is most definitely in trouble.
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