Digital Camera News
Hoya Buys Out Pentax for $864M
June 1, 2007 – Digital camera manufacturer Pentax finally accepted a tender bid offer by semiconductor parts and accessory maker Hoya for the price of $864 million, according to a Reuters report yesterday. Under this "management integration," as a Hoya press release calls the deal, Pentax will become a wholly-owned subsidiary of Hoya. Pentax’s acceptance of Hoya’s bid concludes months of corporate battles between the two companies. In December 2006, Pentax and Hoya first announced the merger, entering into a Basic Agreement. The deal was later scraped in April. While merger talks were reopened for negotiation, the deal was spoiled when Pentax rejected the initial tender bid.
Pentax will remain legally independent and maintain its corporate name, according to the release.
Latest News
& Reviews
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09-Feb-2012
Panasonic Lumix ZS15 First Impressions Review
Even the lesser of the new Panasonic travel zooms, the ZS15 could be a great value. Even without hot-button extras, it has almost all of the elements we look for in a travel zoom. Read More...
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08-Feb-2012
Nikon D800 First Impressions Review
We’ve taken the Nikon D800 for a spin here at CP+ 2012 in Japan, and we came away impressed with the camera’s capabilities, especially at a sub-$3000 price point. Read on for our full impressions of Nikon’s latest DSLR. Read More...
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