Toshiba is reportedly selling its camera sensor business to Sony
Toshiba’s accounting scandal may cost it a lot more than just a CEO and a wad of cash. Sources for Bloomberg, the Japan Times and Reuters all claim that the tech giant is expected to sell its camera sensor business (specifically, its manufacturing plant) to Sony for about $165 million in a bid to raise funds. Neither company is confirming anything, but the talks are reportedly far along enough that you could see an official announcement as soon as next week. The reported selloff would mark the end of an era for Toshiba, although it wouldn’t come as a total surprise if you knew the histories of both sides.
Source: Bloomberg, Japan Times, Reuters
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