Toshiba announces the sale of its TV division to Hisense:
Recently news come from the giant company Toshiba on Tuesday 14/11, company start the sale of its TV division to the Hisense (Chinese company). For this deal the Chinese company Hisense will have to pay $ 113 million for 95% of the Toshiba Visual Solution, according to news come from announcement.
After the 95% of share sold, the remaining share will be with Japanese company. Company is been facing financial issues from recent time and now they decided to sell the share of it company to hold in the market.
For those who do not remember, Toshiba’s nuclear division in the US filed for bankruptcy last March.