Tuesday, 14 November 2017

Toshiba sells TV business to Hisense of China

Toshiba has sold its TV manufacturing business to Hisense Electric Co of China in a deal valued at 12.9 billion yen ($114m). Hisense will purchase a 95% shareholding in Toshiba Visual Solutions, and Toshiba will retain the remaining 5%. The deal includes the TV businesses including production, research and development, and sales functions. The company ...

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from Electronics Weekly https://www.electronicsweekly.com/news/toshiba-sells-tv-business-hisense-china-2017-11/

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