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Business & Finance

Toshiba to pay $850mn for IBM retail unit

Published Updated

TOKYO: Japanese electronics giant Toshiba said Tuesday that it would pay about $850.0 million for IBM's retail solutions unit.

The transaction was expected to be completed later in the year, with the move aimed at retailers who "will benefit from accelerated development of new products and solutions", the Japanese firm said in a statement.

Copyright AFP (Agence France-Presse), 2012

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