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

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

Chinese electronics manufacturer, Hisense, has acquired 95 percent shares of Toshiba Visual Corporation (TVS), the television business subsidiary of the Toshiba Corporation, at the cost of 12.9 Japanese Yuan, about $114 million. In a statement from the firm, this acquisition includes Toshiba TV productions, brands and operations service worldwide, but Toshiba Corporation management will however…

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