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The Chinese electronics brand has announced the purchase of Toshiba TV's production, brand, R&D and operation services.Hisense has acquired 95% stock shares of Toshiba Visual Solutions Corporation (‘TVS’) for 12.9 billion Japanese Yen (over £86m), with Toshiba retaining 5% stock holding.Hisense will obtain research and development, production, and sales functions as well as the license to use the Toshiba brand for a period of 40 years for its visual solution partners operating in Europe, South East Asia and other markets.The TVS purchase also includes two factories in Japan, as well as Toshiba R&D employees plus a portfolio of TV technology business patents for image quality and acoustics.Hisense has been making a loud noise in the TV market for the past 18 months, with its As for Toshiba, the venerable TV brand has had a rough time of late, posting a We asked Vestel for further comment and a spokesperson has confirmed that "the sale of Toshiba’s TV business will not affect the brand licensing agreement that it has in place for Toshiba TV production and sales across Europe. They range from 24-inches for $149.99 and up to 55-inches for $429.99, with 32, 39, 43, and 50-inch sizes in between. The TVS purchase also includes two factories in Japan, as well as Toshiba R&D employees plus a portfolio of TV technology business patents for image quality and acoustics. All rights reserved. Hisense has stated this cooperation "will drive changes to the new picture of TV business".Sign up below to get the latest from What Hi-Fi?, plus exclusive special offers, direct to your inbox!Thank you for signing up to What Hi-Fi?. You will receive an email shortly at: Here at Walmart.com, we are committed to protecting your privacy.
Vestel remains committed to this pan-European brand licensing business and looks forward to maintaining and building on its success over the course of the coming years. Toshiba TVs offer innovative features and exceptional performance without premium prices. This year, Toshiba is continuing its mission to make OLED TVs affordable with its X98 series, while its entire UHD range will support Dolby Vision HDR … Toshiba Regza 32RV635DB The Toshiba Regza 32RV635DB is a really likeable TV for a fairly sensible price. All-New Toshiba 50LF621U21 50-inch Smart 4K UHD with Dolby Vision - Fire TV Edition, Released 2020 One of the brands is Hitachi, and now Toshiba joins the fold. We made a comparison of 6 top-quality Toshiba 3d tvs over the latter 3 years. Your email address will never be sold or distributed to a third party for any reason. Shop Best Buy for Toshiba TVs. Hisense has been making a loud noise in the TV market for the past 18 months, with its big-screen budget 4K TVs and 100in Laser TV system causing stirs in the market.