Back in 2013 Sony bought 11% of Olympus. They helped the company recover after the huge Olympus fraud scandal. Sony now announced that it will sell the remaining 5% shares on Monday. Reuters reports:
Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen ($762.88 million),
Sony said in a statement it decided to sell “considering that the initial purpose of the capital alliance to establish collaboration between Sony and Olympus has been accomplished and after reviewing the rationale for owning the Olympus shares.”