Rumors have been circulating about Panasonic planning to inject a $630 million capital investment on Olympus Corporation, but Panasonic's CEO set the record straight. Fumio Ohtsubo told Reuters that “there isn't any” plan for Panasonic to invest in Olympus. “I don't know where that information came from, not from us,” Ohtsubo insisted.
Olympus is in dire straits. It kept its investment losses for the past 20 years and was uncovered in November 2011, leading to the company's series of unfortunate events.
Gadget.com, Panasonic Denies Any Investment Plans on Olympus
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