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Sony to invest $623 Million in Olympus

Sony Corp will inject about $623 million into troubled Olympus as the camera and medical equipment maker rebuilds its finances after a massive cover-up scandal, reports said Friday.

The 50-billion-yen deal would make Sony the single biggest Olympus shareholder with more than 10% of its stock, according to the Nikkei business daily, public broadcaster NHK and other Japanese media.

The Nikkei said the firms are planning to reach a final deal by next month, but the two firms declined to comment on the story.

Read the rest of the story: Sony to invest in Olympus: reports.