Sony, Fujifilm In Talks To Invest Up To $1.3 Billion in Olympus (SNE)

Sources tell the Wall Street Journal that Sony (NYSE:SNE), Fujifilm, and Temuro are in preliminary discussions to invest as much as $1.3 billion in Olympus.Sony could likely acquire as much as a 30% stake in Olympus.Sony is currently below its 200-day moving average (MA) of $22.38 and should find support at its 50-day MA of $17.48.

FX_Trdr