Japanese industrial conglomerate Toshiba may sell its entire medical equipment business, rather than just a majority stake, according to a report from Reuters.
In December 2015, the company announced that it intended to sell a majority stake in Toshiba Medical to raise cash in the wake of an accounting scandal that overstated 2009 profits.
But now the company may cut the entire business, in a deal worth between $3.5 billion and $5.7 billion, Reuters said. Potential buyers include global buyout firm KKR, Canon, Fujifilm Holdings, and Konica Minolta.
Toshiba cautioned its investors that it expects a net loss of $6.3 billion for the year (end-March), compared with a previous estimate of a $4.9 billion loss, according to Reuters.
