Toshiba Corp.

Japan's Toshiba yesterday announced plans to split into two companies, revising a controversial proposal to divide into three following a tumultuous period for the storied industrial conglomerate.

Turkish electronics and appliance maker Vestel announced on April 10 that it was beginning talks to purchase the television unit of Japan's Toshiba Corp. following a report by Japan's Nikkei, but said it was unclear whether the deal would be finalized at the current juncture.