Nikon Stock Skyrockets Amid Rumors of a Sale

Nikon Stock Skyrockets Amid Rumors of a Sale

Nikon lost a lot of money last fiscal year. In fact, Nikon lost a record-breaking amount of money, a whopping 86 billion yen, or more than $542 million at current exchange rates. Nikon's largest shareholder, EssilorLuxottica, is reportedly weighing a major acquisition of the company, sending its stock soaring.

Another soap opera: speculation (not rumors) about Nikon being acquired by EssilorLuxottica

Some of you have probably already seen clickbait titles like “Nikon Stock Skyrockets Amid Rumors of a Sale” by websites that swore to never report rumors. The whole fiasco started yesterday when Yahoo Finance Japan reported a stock surge in Nikon shares driven by speculation from FACTA Online that Nikon is “close to selling itself” to the French-Italian eyewear giant EssilorLuxottica. The report FACTA’s article notes that Nikon (7731.T) rose sha…