Toshiba considers selling their TV business

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. 

 

 

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.