Midea Group

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MIDEA GROUP

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.