The ramifications of Apple's takeover of Next continue, with Canon announcing it will sell its 20 per cent stake in Next and predicting a troubled future for the new owner.
The Tokyo-based supplier said in a prepared statement: "Canon retains the rights to use and market selected software developed by Next. However, following the sale, it will no longer be a shareholder in Next."
Canon also intends to seek payment of outstanding loans made to Next and will pull out of PC manufacturing in order to focus on its peripherals business.
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