Olympus Corp. (OCPNY.PK) is in final talks for about $640 million tie-up with Sony Corp. (SNE: Quote,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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by RTT Staff Writer
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