Posts Tagged ‘stake’

Associated Press Invests in Bambuser for Crowdsourced News Footage

bambuser

The use of social media has become vital for the news-reporting agencies and outlets of the world. Mix that in with the ubiquity of mobile phones, and it means there are cameras virtually everywhere, and organizations like the Associated Press know this. Read more…

Leica’s Largest Stakeholder Buys Stake in Photo Contest Website

Leica owner Andreas Kaufmann with the new Leica M

Dr. Andreas Kaufmann, the majority shareholder and chairman of Leica, has apparently purchased a 25.1% stake in photo sharing and contest website I-SHOT-IT, reports Leica Rumors.
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GoPro Sells 9% of Company to Foxconn for $200M, Now Valued at $2B+

goprohawaii

‘Tis the season of mergers, acquisitions, and investments. At around the same time Adobe announced its acquisition of Behance yesterday, Taiwanese gadget manufacturer Foxconn (officially known as Hon Hai Precision) announced that it has snatched up 8.88% of GoPro for $200 million. The deal values the California-based action-camera maker at a whopping $2.25 billion.
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Sony Will Reportedly Give Olympus $646 Million for a Stake in the Company

As Olympus attempts to regain its footing after the devastating financial scandal that rocked it this past year, rumors are swirling that Sony might play knight in shining armor in the saga by swooping in with financial assistance. Reuters reports that a cash for stake agreement might happen before the end of this month:

Sony Corp is in the final stages of talks to invest 50 billion yen ($646 million) in cash-strapped Olympus Corp, with an agreement expected by the end of September, state broadcaster NHK reported.

Sources familiar with the matter have told Reuters that Olympus is in talks with Sony to accept a cash injection in return for a stake.

Olympus is staying mum about these rumors. Murmurings of this potential deal first emerged back in June, when we reported that it would be worth more than 10% of Olympus. Other companies that were rumored to be interested in similar deals included Fujifilm and medical device maker Terumo.


Update: As part of the impending deal, Sony and Olympus will reportedly cooperate in promoting and developing digital camera gear. Interesting…


Image credit: Trying some new stuff by joshduffyphoto