Toshiba Sells TV Biz To Hisense For $113 Million

Hisense will take control of brand, R&D, operations

November 19, 2017

Toshiba is selling its TV production, brand, R&D and operations to Hisense Electric Co., Ltd, a publicly listed subsidiary of Hisense Group.

Hisense will purchase 95 percent of the stock shares of Toshiba Visual Solutions Corp. (TVS), a wholly-owned subsidiary of Toshiba Corp., for 12.9 billion yen ($113 million), with Toshiba retaining 5 percent stock holding. The deal allows Hisense to license the Toshiba brand for 40 years for visual solution partners operating in Europe, South East Asia and other markets.

Hisense will also take ownership of two TVS factories in Japan

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