{"id":9997,"date":"2012-04-17T07:03:29","date_gmt":"2012-04-17T05:03:29","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=9997"},"modified":"2012-04-17T13:06:06","modified_gmt":"2012-04-17T11:06:06","slug":"toshiba-in-talks-to-bag-ibms-pos-business","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/hardware\/9997\/toshiba-in-talks-to-bag-ibms-pos-business\/","title":{"rendered":"Toshiba in talks to bag IBM’s POS business"},"content":{"rendered":"

A unit of Toshiba Corp<\/a> is in talks to buy IBM Corp’s<\/a> point-of-sale (POS) terminal business, which includes cash registers, a source familiar with the deal said on Tuesday (17 April 2012).<\/p>\n

The purchase, which local media put at around $870 million, was aimed at expanding the global reach of Toshiba’s half-owned Toshiba Tec Corp, making it the world’s largest vendor of POS systems and equipment, the source told Reuters.<\/p>\n

The company’s board had yet to meet to finalize the deal, the source added.<\/p>\n

Toshiba Tec shares gained 7.5 percent in Tokyo to 329 yen, outperforming a flat overall market.<\/p>\n

Toshiba Tec would pay 70 billion yen ($870 million) for the IBM business – which counts Wal-Mart and Toys “R” Us as customers – mainly financing the deal with cash reserves and bank loans, the Nikkei business daily reported.<\/p>\n

IBM holds the top slot in the global POS terminal market with a share of 22 percent, the Nikkei said, compared with a 7 percent share for the Toshiba subsidiary.<\/p>\n

IBM’s technology would strengthen Toshiba’s cloud computing services that enable stores, shoppers, manufacturers and others to exchange information and offer services, it said.<\/p>\n","protected":false},"excerpt":{"rendered":"

A unit of Toshiba Corp is in talks to buy IBM Corp’s point-of-sale (POS) terminal business, which includes cash registers, a source familiar with the deal said on Tuesday.<\/p>\n","protected":false},"author":7,"featured_media":5429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[25,753,2388,2389,145],"class_list":["post-9997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-active","tag-ibm","tag-point-of-sale","tag-pos","tag-toshiba"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=9997"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9997\/revisions"}],"predecessor-version":[{"id":10016,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9997\/revisions\/10016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/5429"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=9997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=9997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=9997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}