Japanese film and camera maker Fujifilm has offered scandal-hit Olympus a capital and business tie-up, it said Monday as it announced a slump in third-quarter profits.
Fujifilm said it has formally proposed a link-up to Olympus' advisors, seeing synergies in the pair's medical operations, although it did not reveal details.
"Olympus has a very strong business in endoscopes while Fujifilm is a leading firm in the areas of X-ray image diagnosis and ultrasonic systems," said a Fujifilm spokesman.
Olympus is reportedly seeking a corporate alliance to shore up its finances after admitting covering up $1.7 billion in losses, and several Japanese and foreign firms including Sony have been mentioned as possible partners. (AFP)
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