Thursday March 28, 2024 | Last Update: March 28, 2024 EDT
Sony Corporation has announced in a press release that it will be acquiring Toshiba Corporation’s certain semiconductor fabrication facilities for a reported $155 million.
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Toshiba Corp. is close to selling its sensor business to Sony Corp. for about ¥20 million, or about $165 million, people familiar with the matter told Bloomberg. The company is looking to sell its assets and raise cash following an accounting scandal.
Toshiba Corporation has increased the number of outsiders to be part of its board of directors, giving them the majority of the company’s 11-member board, according to a report from The Wall Street Journal.
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