Konica Minolta quits production of digital cameras

Konica Minolta officially announced it is withdrawing from the camera and photo business. Their camera business assets will be transferred to Sony, who will continue to develop dgital SLR cameras based on Konica Minolta's lens mount.

Konica Minolta it appears will continue to work with Sony (a relationship announced last year) in the development of digital SLR's and lenses but they will not be branded as or be sold by Konica Minolta. Full announcement and details of the Sony asset transfer inside.

More info can be found at DP Review.