Toshiba sells TV, visual operation to stay afloat
TOKYO — 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 $113 million deal Tuesday. It’s set 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