Japanese electronics retailer Yamada Denki Co will take over home furnishing store Otsuka Kagu, the companies said on Thursday, after the furniture chain struggled to compete with cheaper rivals and to overcome a family...
Electronics
Toshiba restructuring plan faces hurdle as activist builds stake in unit
Toshiba Corp’s ownership restructuring plan faces a challenge, with activist investor Yoshiaki Murakami building a stake in a unit that the conglomerate aims to buy out, potentially making it sweeten an offer. Toshiba...
Israel’s TowerJazz to maintain 51% stake in Panasonic chip JV
Israeli chip manufacturer TowerJazz said on Monday it will not sell its 51% stake and board control in its joint venture (JV) with Panasonic Corp in Japan. This follows an announcement last week that Panasonic will sell...
Panasonic to sell its chipmaking business to Taiwan’s Nuvoton Tech – Nikkei
Japan’s Panasonic Corp will sell its loss-making semiconductor business to Taiwan’s Nuvoton Technology, Nikkei Asian Review reported on Thursday. Panasonic will also divest three Japanese chipmaking facilities of...
Taiwan’s Yageo to buy rival Kemet in $1.8 billion deal
Taiwanese electronics component company Yageo Corp plans to acquire U.S. rival Kemet Corp in a $1.8 billion deal aimed at expanding its global footprint, the two companies said. Yageo will offer $27.20 per Kemet share...
Xerox considers bid for PC maker HP: WSJ
Xerox Holdings Corp is considering making a cash-and-stock offer for personal computer maker HP Inc at a premium to its market value of $27 billion, the Wall Street Journal reported on Tuesday. Xerox’s board...
New resolution professional of Videocon seeks EoIs for 13 companies under IBC
The newly-appointed resolution professional (RP) for the Videocon group has sought expressions of interest (EoI) for 13 group companies undergoing resolution using the Insolvency and Bankruptcy Code (IBC), according to...
CBIC goes to NCLT, claims Rs 4.6 crore CGST dues from Videocon
The Central Board of Indirect Taxes and Customs approached the National Company Law Tribunal (NCLT) on Tuesday, to register a claim of Rs 4.6 crore as central GST dues from the Videocon group. The board is an...
Sony rejects Loeb’s proposal for chip business spin-off
Sony Corp said on Tuesday it was rejecting a call by Daniel Loeb’s activist hedge fund Third Point LLC to spin-off its chips business, saying that the business is “a crucial growth driver” for the Japanese company...
Sony to buy ‘Spider-Man’ developer Insomniac Games
PlayStation console maker Sony Interactive Entertainment said on Monday it would buy privately held Insomniac Games Inc, known for developing games such as Marvel’s “Spider-Man” and third-person shooter “Ratchet &...
Broadcom in advanced talks to buy Symantec’s enterprise business: sources
Chipmaker Broadcom Inc is in advanced talks to buy Symantec Corp’s enterprise business, according to people familiar with the matter. It’s possible that a deal is reached by the time Symantec announces earnings on...
Apple pays $1 billion for Intel unit in push for chip independence
Apple Inc took a major step toward supplying its own smartphone chips by purchasing the majority of Intel Corp’s modem business in a deal valued at $1 billion, the companies said on Thursday. Under the deal, about 2,200...
