Scandal-plagued Toshiba sells medical unit to Canon

March 17, 2016 7:20 AM

32 0

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.

Also read: SoftBank plans $18 billion IPO of mobile phone unit: Nikkei

Read more

To category page