HIGH-TECH MEDICAL DEVICES: Sony’s new alliance with Olympus will focus on producing endoscopes and other surgical tools packed with the Japanese electronic maker’s three-dimensional imaging and super-clear “4K” display technologies.
THE VENTURE: Sony will invest $640 million, becoming Olympus’ biggest shareholder. Olympus needs to shore up its finances after covering up massive losses dating back to the 1990s.
sponsored Jargon is confusing, by definition. And the financial world has its own set of cryptic words.