Toshiba considers selling their TV business

Toshiba considers selling their TV business

Toshiba considers selling their TV business

Toshiba considers selling their TV business

Toshiba is now considering selling their TV business, with Vestel, a Turkish Television manufacturer reportedly being in "advanced talks" with the company. 
Right now, Toshiba is not in a good financial situation, with the electronics giant suffering from huge losses from their US Nuclear power business, with the company looking into several ways that they can boost their financial standing.  

Toshiba's TV business currently operates at a loss, with the company already allowing Toshiba branded TVs to be manufactured by 3rd parties through licensing deals. On of these companies, Vestel, who currently manufacture Toshiba TVs for the European market, are currently in talks with Toshiba, with the Chinse Company Hisense also taking interest in Toshiba's TV division. 

Selling their TV division will not single-handedly balance Toshiba books, but it will be a good start, with Toshiba also looking to sell part of their chip-manufacturing unit in order to make up their losses from their failed US nuclear investments. 


Toshiba considers selling their TV business


These financial issues will completely change Toshiba's future prospects, losing a large stake in their most profitable divisions as well as a potential drop-out of the TV industry in its entirety. It has been confirmed that Toshiba's Nuclear Unit in Westinghouse US has lost a total of $9.8 billion, which is a lot of money for Toshiba to pay off. 


You can join the discussion on Toshiba's plans to sell their TV division on the OC3D Forums


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