TOKYO -- Toshiba said Tuesday that it has inked agreements to split off a trio of core businesses July 1, hoping to afford them greater autonomy and flexibility on its road to rehabilitation.
The in-house companies will be absorbed by existing subsidiaries. The unit taking on the infrastructure business will become Toshiba Infrastructure Systems & Solutions. The subsidiary absorbing the electronic devices business will be Toshiba Electronic Devices & Storage. The subsidiary that gets the information and communications business will become Toshiba Digital Solutions. Toshiba will give the new entities authority over their own operations. read the rest here