It’s hardly a secret that Olympus was struggling a few years ago. After former Olympus president Tsuyoshi Kikukawa, along with several others were arrested as part of a major scandal, they needed some substantial help to get back on their feet. Part of that came in the form Sony buying an 11.5% stake in Olympus for 50 billion yen ($47m at today’s rate) in 2012-13.
Sony previously sold off some of those shares, bringing back almost all of their initial investment while still allowing them to keep 5% of Olympus. Now, Sony is selling its remaining stake in Olympus, back to Olympus.