Canon could buy Toshiba’s stake in its disinvestment plan

If Japan’s Canon were to buy Toshiba’s stake, the business would maintain its Japanese profile.

Japan’s Kyodo news agency has reported, without citing any sources, that Canon Inc is weighing its investment options in Toshiba Corp.

The report comes in the wake of Toshiba beginning to prepare its minority stake in its chip making business in order to raise funds ahead of an upcoming multi-billion write-off.

When asked to respond to requests for comment, a representative for Cannon did not immediately respond for comments.

A spokesman for Toshiba said the company could split its memory chip business and sell a stake. He did not want to get into any specifics.

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Categories: HR & Organization, Strategy

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