Sony will Invest in Financial Trouble Olympus Soon

In accordance with information from the web, Sony will invest in financial trouble Olympus. Here is the extract:
"Sony is expected to approve a plan to invest around $642 million (50 billion yen) in Olympus. As the Japanese manufacturer of cameras, optics and reprography products is currently facing a trial for having hidden investment losses for the past 20 years, it has been looking for a potential investor for months. By injecting that capital investment, Sony will become the largest shareholder. After rumors of a Panasonic investment in June, Reuters confirmed from three different sources that Sony and Olympus are ready to announce an investment that would represent 10 percent of the capital. Olympus reported a net loss of $630 million (49 billion yen) for the last fiscal year, mainly due to wrong financial decisions and the repercussions of the past scandalous affaire. Today, the company and three former high ranked executives pleaded guilty. Over a couple of decades, around $1.7 billion of losses were faked."


(Source: http://techcrunch.com)