Friday, September 22, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
iPhone 8 Teardown
Uber Lost License to Operate in London
Globalfoundries Asks EU to Probe TSMC
Facebook to Provide Congress With Ads Linked to Russian Internet Research Agency
Casio Announces Connected Watches For Men's G-SHOCK G-STEEL Line
AMD Said to Make AI Chip for Tesla
Mercedes to Invest $1 Billion in Alabama Electric Vehicle Factory
Your Next Smartphone's GPS Will be Extremely Accurate
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Saturday, April 08, 2017
Toshiba To Sell Its TV Business, Turkish, Chinese Companies Among Buyers


Toshiba appears to want to sell its TV business, following the negotiations related to the sale of its memory business.

According to Nikkei, potential bidders include Turkish home-appliance maker Vestel and Chinese rivals including Hisense Group.

The Japanese electronics company is rushing to squeeze losses by selling off divisions. Toshiba's financial struggles are expected to worsen now that Westinghouse Electric, its U.S. nuclear power unit, has filed for Chapter 11 bankruptcy protection.

Bidders are expected to start the process of putting a price on Toshiba's TV business soon. Toshiba expects to complete the process by next March -- the end of the current fiscal year.

After an accounting scandal came to light in 2015, Toshiba decided to restructure its businesses. It concentrated the development and sales of TVs in Japan, changing overseas operations to licensing businesses.

Vestel has already a licensing agreement with Toshiba to produce TVs in Europe under the Toshiba brand.

In June 2016, Toshiba also sold its white goods unit to China's Midea Group.



Previous
Next
Dallas Emergency Siren System Hacked        All News        U.S. Government Withdraws Demand to Unmask Anti-Trump Account on Twitter
Sharp's New 70-inch 8K HDR Display Is Relatively Lightweight And Power-efficient     Consumer Electronics News      Google Assistant Is Coming To More Connected Devices

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba Formalizes Chips Sale to Bain Consortium, WD Steps up Legal Action
Toshiba Has Chosen Japan-U.S.-South Korea Group For its Chip Unit
Apple Could be Behind Toshiba's MoU With Bain Capital's Consortium
Toshiba Signs Memorandum to Accelerate Memory Chip Sale Talks With Bain-Sk Hynix Group
Toshiba in Ongoing Discussions for Chip Business Sale
Toshiba MQ04 Hard Disk Drive Packs 1TB of Storage in a 7mm Design
Bain, SK Hynix Up Bid for Toshiba Chip Unit: sources
Foxconn, Apple, and SoftBank Pursue Acquisition of Toshiba Memory Unit
Western Digital Could Quit Bid for Toshiba Chip Unit, for Better JV Terms
Toshiba Reaches Agreement With Western Digital Group: report
Toshiba Puts Weight in Talks With Western Digital on Chips Business Sale
Toshiba Launches 8TB X300 Desktop HDD, Western Digital Introduces New 20TB My Book Duo System

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .