January 12, 2012 03:38 am EDT

Olympus looking to Sony, Panasonic, Samsung and others to solve its money problems?

Olympus has had a rough go of it lately, what with a $1.7 billion accounting scandal that implicated its management on the highest levels and resulted in the company suing its own executives and president for fraud. Now, Reuters reports that the company in a financial pinch and may partner up with Sony, Panasonic, Samsung, Fujifilm or Terumo Corp. to get the cash it needs. Naturally, none of the companies in question are confirming that such a deal is imminent -- Samsung has even denied being interested -- but word on the street is that it'll be done by February. Now, the question is who'll be the rising tide that floats Olympus' sinking ship?

Olympus looking to Sony, Panasonic, Samsung and others to solve its money problems? originally appeared on Engadget on Wed, 11 Jan 2012 22:38:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2012/01/11/olympus-looking-to-sony-panasonic-samsung-and-others-to-solve/

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