Toshiba
Toshiba Memory sale: Plan B?
January 22, 2018
Reports imply that the OEM’s executives are making preparations in case the unit sale collapses. Toshiba is putting in place a contingency plan should the long-mooted sale of its memory chip business to Bain Capital fall through, according to the Financial Times, (as reported by CNBC). The $18 billion (€14.7 billion) sale, arranged to cover billions […]
Toshiba finds buyer for Westinghouse
January 5, 2018
The OEM has finally found a buyer for its defunct nuclear plant, Westinghouse, which it bought back in 2006. A Canadian investment firm is proposing to purchase Westinghouse Electric, Toshiba’s bankrupt nuclear plant. The OEM decided to sell Westinghouse last year, after the plant incurred “massive losses” due to “rising costs and other factors”, as […]
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