Chinese electronics manufacturer, Hisense acquires Toshiba unit for $114m

by | December 8, 2017 12:55 am



Chinese electronics manufacturer, Hisense has acquired 95 percent shares of Toshiba Visual Corporation (TVS), the television business subsidiary of the Toshiba Corporation at a cost of 12. 9 Japanese Yuan, about $114 million. A statement said this acquisition includes Toshiba TV productions, brands and operations service worldwide. The statement said the Toshiba Corporation management would…

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