Hisense acquires Toshiba TV business for $115 million
Global home appliances manufacturer, Hisense Electronic Company has obtained 95 per cent shares of Toshiba Visual Corporation (TVS). The acquisition agreement, which was signed recently with erstwhile owners, Toshiba corporation of Japan includes Toshiba TV productions, brands and operations services worldwide. Costing about $115 million (USD), the agreement states that Hisense will henceforth control the…
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