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

by | December 7, 2017 11:44 am



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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