Report: Olympus close to securing Sony investment

Japan's Olympus ($OCPNY)--one of the world's biggest makers of endoscope equipment (as well as cameras)--appears close to inking a deal with Sony to gain a badly-needed capital infusion. The Wall Street Journal reports that Olympus will vote later this month on Sony's proposed investment of 50 billion yen ($638 million) into Olympus, which is serious need of the investment after a massive accounting scandal rocked the company last year. Sony is seen as focusing on boosting its presence in medical device and technology spaces as rival Samsung gears up to do the same. Story (sub. req.)

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