REG-Sony Corporation Update on the Status for Establishment of Medical Business Venture Company between Olympus and Sony<6758.T>

Tue Apr 2, 2013 2:01am EDT

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TOKYO--(Business Wire)--


March 29, 2013 

Olympus Corporation
Sony Corporation 

Update on the Status for Establishment of Medical Business Venture Company
between Olympus and Sony

Olympus Corporation ("Olympus") and Sony Corporation ("Sony") today updated the
status of the medical business venture company (the "medical business venture")
that has been the subject of discussions between the two parties, and which will
be established in accordance with the business alliance agreement executed on
September 28, 2012. 

Olympus and Sony announced in the press release "Update on the Status for
Establishment of Medical Business Venture Company between Olympus and Sony"
dated December 21, 2012 that the companies aimed to establish the medical
business venture by April 1, 2013, subject to customary closing conditions,
including the receipt of any necessary regulatory approvals. The examination by
the relevant authority is taking longer than expected, but we understand the
examination process is currently in its final stage. Olympus and Sony expect to
announce establishment of the medical business venture promptly after the
establishment date is fixed. 

Olympus and Sony continue to work together with the goal of creating
ground-breaking products and solutions by combining their respective
technologies and know-how through the medical business venture.

Sony Corporation 

Copyright Business Wire 2013

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