Panasonic is reportedly putting the final touches to a 50 billion yen ($635 million) bailout package to save Olympus. Panasonic will become the largest shareholder of the scandal-ridden camera maker, reeling from a $1.7 billion accounting fraud uncovered last year, with an eye on getting a foothold in Olympus' profitable medical imaging business. It gives us hope that the current range of blockbuster shooters including the OM-D won't be sacrificed in a last-ditch attempt to make the books balance.
Update: Outgoing Panasonic president Fumio Ohtsubo has strongly denied the reports, saying that there's no company plan to invest. That clears that up, then.
- Key specs
- Type Mirrorless interchangeable lens
- Lens mount Micro Four Thirds
- Resolution (effective) 16.1 megapixels
- Sensor size Micro four thirds
- Image stabilization Digital
- Dimensions 3.5 x 4.8 x 1.7 in
- Weight 15 oz
- Released 2012-04