- Reuters sources say Toshiba (OTCPK:TOSBF, OTCPK:TOSYY) will decide on Monday whether to raise $5B from overseas investors.
- The sources also say Toshiba could agree to upfront losses for tax write-offs that could boost assets above liabilities.
- Toshiba needs to raise $6.7B before the end of March to offset losses and avoid an automatic delisting from the Tokyo exchange.
- The company has selected a bid winner to buy its memory chip unit for $18B, but that deal could delay because of antitrust regulators and lawsuits from Western Digital (NASDAQ:WDC).
- Toshiba has also started selling off its losing operations. The TV unit was sold this week and the company shot down talks of an imminent PC unit sale.
- Previously: Toshiba will sell TV unit to Hisense for $113.6M (Nov. 14)
- Previously: Western Digital +3.9% after Toshiba settlement talk rumors (Nov. 14)
- Previously: Nikkei: Toshiba in talks to sell PC unit to Asus (Nov. 16)
- Previously: Toshiba shoots down reports of PC unit sale (Nov. 17)
- Now read: International Game Technology Cheered Too Much By The Market After Q3 Earnings Beat
Original article