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Toshiba in talks to sell PC operations to Asus: Nikkei
THE ASIAN AGE / REUTERS
Published : Nov 17, 2017, 11:53 am IST
Updated : Nov 17, 2017, 11:53 am IST
China's Lenovo Group Ltd has also expressed interest in the Toshiba business
It can be seen as a desperate attempt to avoid a possible delisting.
Japanese conglomerate Toshiba Corp has entered into negotiations to sell its personal computer operations to Taiwan’s Asustek Computer Inc, the Nikkei reported on Friday.
China's Lenovo Group Ltd has also expressed interest in the Toshiba business, according to the newspaper. The move is part of a larger restructuring plan by Toshiba, as it scrambles for funds to cover billions of dollars in liabilities arising from its now bankrupt US nuclear unit Westinghouse.
The news comes after earlier reports that Toshiba considering $5.3 billion capital injection to avoid de-listing from Tokyo Stock Exchange.
