Toshiba sells TV, vis­ual op­er­a­tion to stay afloat

The Columbus Dispatch - - Market Summary -

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

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