TOKYO – Scandal plagued Japanese electronics maker Toshiba Corp. is selling its medical unit to Japanese camera maker Canon Inc. for 665.5 billion yen ($5.9 billion).
Both companies said Thursday the deal has been completed. Canon has been eager to expand its medical equipment business. It said the acquisition of Toshiba Medical Systems Corp. as a 100 percent-owned subsidiary would help.
14:43 F.C.C. Tightens Privacy Rules for Broadband Providers16 5
16:36 T-Mobile seen as top target following AT&T-Time Warner deal17
16:36 AT&T, Time Warner poised to lobby lawmakers, regulators on proposed $85-billion merger25
12:23 Lockheed Martin's quarterly profit handily beats estimates28