I didn't know that Konica Minolta wre so big, but I knew they were still going.
But I did know about the whole Minolta > Sony thing. It's the reason why the ⍺7 is so called as the very last Minolta SLRs were ⍺9s (in some territories at least).
Plus Minolta A mount lenses fit directly on the early A mount Sony's without an adapter. It's part of the reason I bought a Sony to use with all my Minolta lenses as I see them as legacy lenses for Sony.
There is some speculation that they were in trouble after the crossed XXs of the early Maxxum cameras in the US brought about a lawsuit from Exxon. They settled out of court apparently for an undisclosed amount and that's why they eventually sold.