{"id":7372,"date":"2017-12-05T23:42:52","date_gmt":"2017-12-05T23:42:52","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/hisense-acquires-toshiba-tv-business-for-115-million\/"},"modified":"2017-12-05T23:42:52","modified_gmt":"2017-12-05T23:42:52","slug":"hisense-acquires-toshiba-tv-business-for-115-million","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/hisense-acquires-toshiba-tv-business-for-115-million\/","title":{"rendered":"Hisense acquires Toshiba TV business for $115 million"},"content":{"rendered":"

\n<\/p>\n

\"\"<\/p>\n

One of Japan's best-known firms, Toshiba<\/p>\n<\/div>\n

Global home appliances manufacturer, Hisense Electronic Company has obtained 95 per cent shares of Toshiba Visual Corporation (TVS). <\/p>\n

The acquisition agreement, which was signed recently with erstwhile owners, Toshiba corporation of Japan includes Toshiba TV productions, brands and operations services worldwide.<\/p>\n

Costing about $115 million (USD), the agreement states that Hisense will henceforth control the entire Toshiba business including production, research and development, engineering and sales functions.<\/p>\n

Commenting on the development, chief Executive Officer, Hisense Group, Mr. Lin Hongxin assured all stakeholders of the company\u2019s commitment to optimize the brand\u2019s resources in research and development, supply chain, global sales channels and support each other in displaying technology to provide competitive content, operation services for smart TVs in the global market, as well as, to accomplish sustainable growth in the market.<\/p>\n

Recall, in the last one year, Toshiba TV sales had ranked number three in the Japanese market, while Hisense TV\u2019s market share maintains top position among foreign brands, while its colour TV business maintains a consistent leadership position in China for 13 consecutive years.<\/p>\n

In Nigeria, Hisense has also been visible with product sales and services through proxy Fouani Nigeria Limited, and just recently, it opened its first showroom in Port Harcourt, with the hope to open other outlets in Lagos, Kano, Ibadan and Abuja soon.\n<\/p>\n

Guardian <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

One of Japan's best-known firms, Toshiba Global home appliances manufacturer, Hisense Electronic Company has obtained 95 … Hisense acquires Toshiba TV business for $115 million<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7373,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1399,3123,12908,543,684,522,1007,41],"class_list":["post-7372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-development","tag-engineering","tag-home","tag-home-buying-guide","tag-lagos","tag-nigeria","tag-owners","tag-property"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/Toshiba-1.jpg?fit=1280%2C720&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7159,"url":"https:\/\/amazingproperty.com.ng\/blog\/nigeria-witnesses-growing-confidence-in-hospitality-real-estate\/","url_meta":{"origin":7372,"position":0},"title":"Nigeria witnesses growing confidence in hospitality real estate","author":"Amazing Property","date":"November 20, 2017","format":false,"excerpt":"Illustration of Renaissance Lagos Hotel and Marriott Executive Apartments Announced for 2021 In commodity-based economies, like Nigeria, the growth of the hotel real estate is an indicator of how well a country is developing its tourism infrastructure especially with the slow recovery from falls in oil prices and production.Ranks top\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Marriot .jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Marriot-.jpg?fit=1200%2C676&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Marriot-.jpg?fit=1200%2C676&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Marriot-.jpg?fit=1200%2C676&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Marriot-.jpg?fit=1200%2C676&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Marriot-.jpg?fit=1200%2C676&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6729,"url":"https:\/\/amazingproperty.com.ng\/blog\/lagos-cooperative-buys-into-n25-billion-festac-phase-ii-project\/","url_meta":{"origin":7372,"position":1},"title":"Lagos cooperative buys into N25 billion FESTAC Phase II project","author":"Amazing Property","date":"October 23, 2017","format":false,"excerpt":"Real estate An independent real estate business club leveraging on the power of numbers in expanding wealth creation possibilities among members through real estate investment has move to seal a deal with the promoters of FESTAC Phase II project. 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