Toshiba sells TV, vis­ual so­lu­tions unit

Pittsburgh Post-Gazette - - Business -

EQT Corp. adds to board after clos­ing on ac­qui­si­tion

Trou­bled Toshiba Corp. is sell­ing 95 per­cent of its TV and other vis­ual prod­ucts sub­sidiary to Chi­nese elec­tron­ics maker Hisense Group as part of its ef­fort to stay afloat. Tokyo-based Toshiba an­nounced the 12.9 bil­lion yen ($113 mil­lion) deal Tues­day. It is sched­uled to be com­pleted by or after Fe­bru­ary 2018, pend­ing reg­u­la­tory ap­proval and other steps. Tokyo-based Toshiba is suf­fer­ing mas­sive losses from its nu­clear busi­ness. Its U.S. nu­clear op­er­a­tions at Cran­berry-based West­ing­house Elec­tric Co. filed for bank­ruptcy ear­lier this year.

After clos­ing on the ac­qui­si­tion of Rice En­ergy Inc. on Mon­day, Down­town-based EQT Corp. added four

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