Toshiba sells 95% of unit

San Francisco Chronicle Late Edition - - BUSINESS -

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.

Toshiba said the $113 mil­lion deal an­nounced Tues­day is set to be com­pleted around Fe­bru­ary.

A U.S. joint ven­ture part­ner, Western Dig­i­tal, has filed to block the sale of Toshiba’s lu­cra­tive chips busi­ness.

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