Nikon Announces Acquisition of RED, Cinema Camera Developer

Nikon Announces Acquisition of RED, Cinema Camera Developer

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Today, Nikon announced the completion of its acquisition of RED, the cinema camera developer, in a deal whose value has not been disclosed.

After the legal dispute filed by RED against Nikon, accusing the latter of patent infringement, Nikon successfully resolved the lawsuit in its favor and proceeded to acquire the cinema camera giant RED.

The announcement of the acquisition came in a statement released by Nikon, confirming that RED will become a subsidiary company, with full ownership returning to Nikon.

Nikon Announces Acquisition of RED, Cinema Camera Developer

RED currently employs 220 staff, and Nikon has not disclosed any plans for employee layoffs after the acquisition.

RED has a history in the cinema camera industry dating back to 2005 since its founding. The acquisition is expected to provide Nikon with a strong foothold in the cinema camera market, as the company has scaled back its competition in several markets, including the DSLR camera market.

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