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Toshiba says not in talks to with any company over PC unit sale


Cash-strapped Toshiba has previously said it is looking to sell the PC business, a small part of the industrial conglomerate, as it races to bolster its balance sheet by the end of March to avoid a possible delisting.


But a highly competitive and contentious auction process led to delays in deciding on the buyer and has meant that Toshiba may not obtain the necessary anti-trust clearance by the end of the financial year in March.


Responding to the Yomiuri report, Toshiba said it was not considering accepting any separate investment in its memory chip unit by a member of the Bain Capital-led consortium.


Toshiba repeated on Friday its stance that it was aiming to close the chip unit deal by the end of March.


It said earlier this week that it would sell its television unit to China's Hisense Group for 12.9 billion yen ($115 million).




READ MORE (Yahoo News Canada (blog))


  • Exclusive: Toshiba set to OK $5 billion injection Monday to stay listed-sourcesReuters
  • Le-no-no-vo. Cool It With the PC Acquisitions, Already: GadflyWashington Post
  • Toshiba in talks to sell PC operations to Asus: Nikkei‍​The Asian Age
  • Toshiba in talks to sell PC business to Taiwan's AsusNewburgh Gazette
  • Toshiba says not in talks with any firm to sell PC businessEJ Insight
  • Is Toshiba set to sell PC operations to Asus?ARNnet
  • Toshiba issues statement denying plans to sell PC business to Asuswww.v3.co.uk
  • Toshiba in negotiations to sell PC operations to Asus: ReportZDNet
  • Reuters: Toshiba deciding Monday on $5B injection as deadline loomsSeeking Alpha


This post first appeared on The 5th News, please read the originial post: here

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