Sony sells entire 5% stake in Olympus but continues its business alliance

Sony has sold the rest of the shares it held in Olympus after declaring the alliance between the two companies has achieved what it set out to do. The sale of the 68,975,800 shares, which have been bought back by Olympus, raised 80 billion yen ($75m) on a value of 1165 yen per share. The holding had represented 5.03 percent of the total common shares in Olympus. Sony has made a tidy profit on the sale as the shares were purchased in 2012-13 as part of an 11.5 percent stake in Olympus that cost o...