Sony purchases 11% of Olympus

[legend92(3)]

man-bear-pig said:

Bad move from Sony. The camera industry is rapidly dying because of smartphones.. Wasting ¥50bn yen on something like this is COMPLETELY insane

People are missing the main point here. It's not cameras. They have paid ¥50bn yen to start a new joint company which will be producing medical equipment such as endoscopes and video microscopes. They are also going to share their respective camera technoligies with each other.