Hoya Acquires Pentax

Yet another billion dollar acquisition. This one has been in “progress” for months though, so it didn’t exactly come as a surprise.

In a saga which (publicly) began in December last year and has seen Pentax fighting Hoya’s approaches on various fronts including the resignation of their president Fumio Urano last month and talk of selling its headquarters in Tokyo looks to be finally coming to an end. According to numerous reports Pentax’s board of directors has today approved the deal and the merger will go ahead next month.

What this means for Pentax is unknown, but the next few months might prove interesting. It’s doubtful the acquisition will affect their camera line-up, at least right now.

Source: DP Review