South Korea's Samsung Electronics has said it's open to partnering with Japan's Olympus, which has been involved in a $1.7 billion accounting scandal, according to a Reuter's report.
Sony and Panasonic have already shown interest in Olympus. Samsung does not want the company's loss-making camera business but is interested in medical devices, such as the company's gastrointestinal endoscopes.
In October, the company fired chief executive Michael Woodford, who went public about the company's accounting practices. The company was found to have hidden losses from investors for 13 years.
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Sony and Panasonic have already shown interest in Olympus. Samsung does not want the company's loss-making camera business but is interested in medical devices, such as the company's gastrointestinal endoscopes.
In October, the company fired chief executive Michael Woodford, who went public about the company's accounting practices. The company was found to have hidden losses from investors for 13 years.
Related Articles on Medical Devices:
Three-Quarters of California Biomedical Companies Delayed Research or Development Last Year
BG Medicine Names Eric Bouvier President and CEO
10 Recent FDA Medical Device Approvals