Olympus may ink partnership deal with SonyJanuary 23, 2012 - 16:44 AMT PanARMENIAN.Net - The scandal-hit Olympus is about to ink a capital and business alliance deal with Sony, Diamond Weekly, a major Japanese business journal reported. Olympus has been under fire for months, after it was revealed the company has covered up large losses for the past 20 years. At some point, Olympus was in danger of getting de-listed at the Tokyo Stock Exchange, but it’s now on a 3-year “probation” that requires the company to improve governance. According to Diamond, Olympus’ top management has been consulting with various electronics companies but chose Sony as the best partner to help get it out of one the biggest corporate scandals in Japanese history. The magazine says that Olympus is planning to hold a news conference as early this week to formally announce the deal. As a next step, the alliance is to get a green light at an extraordinary shareholders meeting in April. Sony currently owns a 0.03% stake in Olympus. Neither company has reacted to Diamond’s report yet, according to TechCrunch. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Ameriabank's Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC Ameriabank received the awards from international financial institutions in recognition of its trade finance operations. Armenian Economy Minister to make trip to UAE May 20-22 A delegation led by Minister of Economy Gevorg Papoyan will travel to the UAE capital of Abu Dhabi on May 20-22 Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. Pillars installed in Armenian border village of Kirants In the Armenian village of Kirants, three border markers have been installed, and border guards stand next to them. |