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[-]  14-11-17 17:12

The Verge - All Posts
Toshiba sells its electronics department to Hisense
Toshiba signed a deal today selling its television subsidiary to China’s Hisense, according to the Nikkei Asian Review. The Japanese company will sell a 95 percent stake in Toshiba Visual Solutions to Hisense Electric for $113.6 million. Toshiba will keep a 5 percent stake.
Toshiba is struggling hard after its US nuclear department filed for bankruptcy in March. It has sold other parts of its business to stay afloat, including its dishwasher and washing machine appliance branch to China’s M...

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