Canon recently gained exclusive negotiating rights for Toshiba Corp’s medical equipment after winning a bidding war. Canon’s winning offer was more than $6 billion, an amount significantly higher than initially estimated. According to Nikkei Business Daily, Canon not only won because of its high offer, but also because there’s little overlap between the two companies’ medical equipment business, meaning there are fewer anti-trust issues to worry about. Canon has been attempting to penetrate the high-end medical equipment market ever since the decline of cameras and the respective rise of smartphones. Canon currently makes X-ray machines and eye examination devices and it recently took over Swedish network video surveillance leader Axis.