Olympus to sell camera business to Japan Industrial Partners

Camera pioneer and co-founder of the 4/3 format Olympus Corp. reached an agreement with Japan Industrial Partners Inc. (JIP) to sell its 84-year-old camera business to JIP for an undisclosed amount. Olympus’ statement said the two plan to sign a legally binding deal by Sept. 30 and close the transaction by Dec. 31, 2020. Olympus’ commitment to the digital camera... Read More