Panasonic is Planning to Infuse Olympus with $635 Million

Panasonic-and-Olympus.jpgOlympus makes some quality products, but they haven't been doing too well financially, thanks in part to a scandal that occurred earlier this year. The folks over at Panasonic are doing better, but they could use a boost too.

To help remedy this, Panasonic is making a move that will benefit both companies - they're shelling out as much as $635 million to become the top shareholder in the company. Panasonic hopes, according to Reuters, to pull in new revenue from Olympus' medical devices. It's too soon at this point to tell what, if any, impact this will have on the digital camera business of Olympus.