Toshiba blames bad economy for exiting market
Japanese firm, Toshiba, which left the Nigerian economy over three years ago, has blamed the dwindling fortunes of the economy for its decision. Now, planning a return to the country, the Regional Sales Manager, Africa market, Toshiba, Sanjay Alex, who hinted on this, said the firm would be focusing on storage devices and solutions, “because…
Firm reaffirms commitment to quality, tech driven elevator
Eliel Jerahmeal Nigeria Limited, authorised distributor of Xizi Elevator, has restated its commitment to providing quality escalator equipment to boost consumer presence in Nigeria and across Africa. Since its entry into the Nigerian market, the energy saving brand of elevator has earned the company awards as Africa’s best premium quality elevators and escalators products company…
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…
Apple discussing $3 Billion Stake in bain’s Toshiba bid
The iPhone maker is in talks to provide about $3 billion in capital for Bain Capital’s bid for the unit, adding to financial support from Dell Inc., Seagate Technology Plc and SK Hynix Inc., according to people familiar with the matter.
Apple, Dell join bid to buy Toshiba's chip business
US tech titans Apple and Dell have joined a bid to buy Toshiba's memory chip business, a deal seen as key to the survival of the cash-stripped Japanese industrial conglomerate, the US investor leading the consortium has said.
Apple eyes backing Hon Hai bid for Toshiba chip unit
Tech giant Apple is considering backing Hon Hai's multi-billion dollar bid for Toshiba's lucrative memory chip business, a report said Saturday.
Toshiba faces earnings deadline as delisting looms
One of Japan's best-known firms, Toshiba may release unaudited nine-month results later in the day, local media said, after missing an original deadline in February and another one in March.
Google, Amazon eye Toshiba's chip unit: report
Google and Amazon joined a list of potential buyers eyeing Toshiba's lucrative memory chip business as the Japanese conglomerate seeks bidders to cover huge losses, a newspaper said Saturday.
Toshiba soars on reports of memory chip unit bid
Toshiba stocks surged Friday as Japanese media said around 10 companies and funds, including Apple, are bidding for its memory chip business, a day after shareholders approved the spin-off plan.
Toshiba said to attract 10 potential bidders for chips business
Toshiba Corp.’s memory chips business has attracted 10 potential bidders, a Toshiba executive familiar with the discussions said, as the Japanese company seeks a sale of the prized unit to make up for a multibillion-dollar writedown in its nuclear operations.