Toshiba in Talks to Sell PC Unit to Taiwan's Asus

Toshiba's (TOSYY) tumultuous year just took another turn.

The Japanese electronics giant, whose stock is lower over 27% year-over-year, needs cash to meet obligations from its failed U.S. nuclear unit Westinghouse Electric and cover a negative equity shortfall that threatens it with delisting next year.

To combat this, Toshiba has already agreed to sell 49.9% of the memory chip unit to a Bain Capital-led consortium for roughly $18 billion.

On Thursday, a report from Nikkei Asian Review said that Toshiba has entered into discussions to sell its floundering personal computer business to Taiwan-based computer manufacturing company Asus (AKCPF) .

"Asus, now a minor player in corporate PC sales, likely hopes for synergies with the Toshiba business, which has a strong American and European presence," the report said.

Chinese-based counterpart Lenovo (LNVGY) had reportedly also shown interest in Toshiba's PC unit.

Toshiba's PC business posted a 500 million yen ($4.43 million) operating loss on sales of 191.8 billion yen for the year ended March 31. That slump is expected to extend for fiscal 2017.

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