PetaPixel

Would Olympus Offload Its Struggling Camera Business?

Reuters is reporting that US-based investment firm TPG Capital has expressed interest in pouring $1 billion into Olympus in a joint deal, and has notified other possible suitors including Sony, Canon, Fujifilm, and Panasonic.

Nearly all of Olympus’ profits are generated from its dominant 70 percent share of the global market for flexible diagnostic endoscopes. The steady cash flow from that business has allowed it to prop up its digital camera business, which is on course to lose money for a second straight year.

TPG would consider taking over the other less desirable parts of the firm to facilitate a deal. This could include the digital camera operation, which is in need of a major overhaul, including job cuts, the person said.

It’s interesting that the camera division is one of the “less desirable parts” of Olympus, since that’s what most consumers know the company for.

TPG willing to invest $1 billion in Olympus [Reuters]


Image credit: OLYMPUS E-P1 by DORONKO


 
 
  • http://www.jonk.org jonk

    consumers know the company for that as well :D

  • Anonymous

    ‘Computers’ don’t know much about Olympus.

  • Amryl

    I asked my computer whether it knows about Olympus, I’m surprised that it didn’t answer

  • Anonymous

    Great job on the site, it looks outstanding. I am going to save it and will make sure to check often

  • Anonymous

    Ur right. Connect an endoscope to your computer and it wont know what the hell it is.

  • Anonymous

     All the haters are gonna look pretty stupid once Michael fixes the post.

  • Anonymous

    Your web site is top-notch I will have to read it all, thank you for the diversion from my classwork!

  • Barry Sanders

    Olympus should just make compatible lenses for Canon and Nikon.

  • Samages

    come on 
    Michael you should hire someone too write articles if you’re going too such shameful mistakes.

    Love live Olympus  

  • http://twitter.com/IEBAcom Anthony Burokas

    Doncha hate it when spell check says “Okay. good to go. Hit publish!”

  • Anonymous

    #facepalm

  • Bing

    i asked Siri. She knows.

    Should i be worried?

  • http://www.petapixel.com Michael Zhang

    Thanks guys :D

  • http://www.petapixel.com Michael Zhang

    :)