It would be a tie-up between two giants: Diamond Weekly, a major Japanese business journal, is reporting [JP] on its website today that scandal-hit Olympus is about to ink a capital and business alliance deal with Sony. 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.Source: http://feedproxy.google.com/~r/Techcrunch/~3/rVY3C1uatfk/
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