Olympus Corp. (OCPNY.PK) is in final talks for about $640 million tie-up with Sony Corp. (SNE,SON.L) to form a broad alliance, the NHK reported. The two firms plan to establish a joint venture to develop next-generation medical equipment, the report specified. The companies reportedly aim to reach an agreement by the end of this month.
Olympus has been reportedly looking for a business partner to solve its financial difficulties. Olympus is hoping to leave its troubled past behind as quickly as possible, while Sony wants to make the medical field a new business pillar, the report added.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.