Toshiba

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TOSBA

Reuters: Toshiba European Operations Suffer Ransomware Cyber Attack

The Japanese tech conglomerate Toshiba announced that its European operations suffered a ransomware cyber attack, Reuters reported. The French headquarter of the company was worst hit. Toshiba elaborated that the DarkSide, the hacking group blamed for crippling a major US pipeline company, had targeted it in a ransomware attack during the night of 4 May.

Toshiba planning to sell TV business and Turkish, Chinese companies among potential buyers

Toshiba, which sold the first Japan-made color television in 1960, now appears to want to sell its TV business.

Some foreign buyers are said to be showing interest in taking over the unit, according to people familiar with the matter.

Potential bidders include Turkish home-appliance maker Vestel and a few Chinese rivals.

Scandal-hit Toshiba warns of $4.5 bln annual loss, job cuts

Crisis-hit Toshiba warned on Dec. 21 it would book a record $4.5 billion annual loss and slash thousands of jobs, as the vast firm's shares plunged in Tokyo.

The moves are part of a restructuring announced in the wake of an embarrassing accounting scandal that rocked one of Japan's best-known firms.

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