In Brief: Toshiba to sell entire stake in Toshiba EMI
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(InfoWorld) - Toshiba will sell its entire stake in record company Toshiba EMI, one of Japan's largest music publishers, it said Thursday. The stake will be purchased by EMI GroupÂ for Â¥21 billion ($179 million), of which about Â¥13 billion will see its way to Toshiba's pretax profit this year. Toshiba said it is selling the stake because its involvement in the music business is less relevant to other businesses in the group than it was in the past. The sale is expected to be completed before the end of Toshiba's current financial year in March 2007.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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Just days after two Sony spokespersons flatly told Bloomberg News that no such deal had been reached, Asian press sources are saying today the company has agreed to sell its Kyushu Semiconductor facility - which produces the Cell BE CPU for Sony's PlayStation 3 - to its STI partner Toshiba for about 100 billion yen.
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Host Marriott Corp. said Wednesday that it is selling a majority of its stake in Courtyard hotels to an institutional investor for $92 million in a move to divest a noncore asset.
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TOKYO  -Japanese electronics maker Toshiba Corp.  said on Wednesday it would take a 77 percent stake in Westinghouse for $4.16 billion.
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Sony Corp  said on Wednesday it will sell its microchip production facilities in western Japan to Toshiba Corp  for 90 billion yen ($835 million), in their latest move to focus on their core businesses.
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(InfoWorld) - Koninklijke Philips Electronics has completed the sale of an 80.1 percent stake in its chip division to a group of private investment houses, the company said Saturday. The stake in NXP Semiconductors, theÂ new nameÂ of the chip unit,Â was sold to a groupÂ including Kohlberg Kravis Roberts & Co. (KKR), Silver Lake Partners, and AlpInvest Partners. Philips expects to take in â¬6.4 billion ($8.12 billion) in cash from the sale, after taxes. The European electronics giant will keep a 19.9 percent share of the business. Philips said the deal places the value of NXP at â¬8.3 billion. There have been a number of chip industry deals this year, including aÂ $17.6 billion offer for Freescale SemiconductorÂ last month. In July,Â Intel soldÂ its communications and application processor business to Marvell Technology Group for $600 million, while earlier this year,Â PMC-Sierra acquiredÂ the storage semiconductor business formerly owned by Agilent Technologies for $425 million.
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Toshiba Corp.  said it would buy microprocessors from Advanced Micro Devices Inc. , ending its exclusive ties with Intel Corp.  for the supply of the brains that run computers, and sending its shares higher.
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NEW YORK, December 8  - International Business Machines (IBM.NYS) has decided to sell its personal computers business to Chinaâs Lenovo Group for $1.75 billion in a cash and stock deal.
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Toshiba Corp. (6502.T) said on Tuesday it  would replace about 340,000 laptop computer batteries made by  Sony Corp. (6758.T) worldwide due to possible problems with  recharging and transmission of electricity.
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Toshiba Corp  said on Tuesday it  would join a group led by International Business Machines Corp   to develop system chips using 32-nanometre circuitry,  as chip makers increasingly team up to cut development costs.
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A report from Reuters early this morning states that a Toshiba spokesperson stated it will end its exclusivity with Intel, with a deal that would deploy AMD processors in 20% of the company's laptop computers. From what we know at the moment, these will be Turion processors targeted at mid-range US and European markets.
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China&#39;s biggest computer maker says it has acquired a majority stake in IBM&#39;s personal computer business. The 1.75- billion-dollar deal is one of the biggest Chinese overseas acquisitions ever.
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Toshiba is announcing that they plan to shift a portion of their TV line to the SED technology (Surface-conduction Electron-emitter Display).
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- Data storage company EMC Corp.'s  subsidiary, VMware, said it expects its initial public offering to be priced between $23 and $25 per share.
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EMI will buy out shares in Toshiba-EMI, it's Japanese joint venture with Toshiba.
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General Electric Co. will sell a majority stake in its global outsourcing business to two US-based equity firms in an all-cash deal totaling $500 million, the industrial, financial services and media conglomerate said Monday.
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SHANGHAI, China - Focusing on the fast-growing Chinese market, Japan&#39;s Toshiba and major Chinese appliance maker TCL have signed a broad agreement to cooperate in making and marketing appliances in China, the companies said Thursday.