Olympus Japan has neither confirmed nor denied a report that it has concluded a tie-up with electronics giant Sony and is set to announce details of the deal this Friday.

An article in Japanese newspaper The Asahi Shimbun claims the two firms will join forces in the camera business and set up a joint company to develop and manufacture endoscopes.

The deal is reported to involve a Sony cash injection of 50 billion yen.

In response, on Saturday, Olympus’ Tokyo headquarters issued a statement which read: ‘Certain sections of the media have reported today regarding the capital tie-up between Olympus Corporation and Sony Corporation, which is not announced by the company.

‘The company will promptly disclose any information that should be disclosed as it arises.’

A Sony spokesperson had yet to respond to a request for comment at the time of writing.