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The biggest story in the camera industry this year is no longer a rumour. Tamron has officially confirmed that Sony has made a non-binding proposal to acquire the company outright, turning the third-party lens maker into a wholly owned subsidiary of Sony Group. Tamron has established a Special Committee to review the proposal, and Sony’s own chief financial officer has now publicly addressed it. Tamron’s statements are published on its investor relations pages. The sequence matters. Japanese business publication Diamond Online reported the proposal on 29 July, citing a figure around ¥200 billion (roughly £916 million / $1.2 billion). Tamron responded the following day, confirming the proposal exists while pointedly noting that the original report did not come from the company. Then, at Sony’s investor meeting, chief financial officer Lin Tao confirmed Sony has proposed making Tamron a wholly owned subsidiary, saying the thinking is that the proposal would create...

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