Monday, April 16, 2012

Reuters: Technology News: Toshiba to buy IBM's point-of-sale terminal business: source

Reuters: Technology News
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Toshiba to buy IBM's point-of-sale terminal business: source
Apr 17th 2012, 04:02

TOKYO | Mon Apr 16, 2012 11:31pm EDT

TOKYO (Reuters) - A Toshiba Corp (6502.T) unit plans to buy IBM Corp's (IBM.N) point-of-sale terminal business for several tens of billions of yen, aiming to secure clients such as Wal-mart Stores Inc (WMT.N) and Toys "R" Us Inc TOY.UL, a source familiar with the matter said on Tuesday.

Toshiba Tec Corp (6588.T) aims to buy the business, which spans cash registers and software to monitor inventory for retailers, by the summer, the source said

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