Troubled Toshiba could be in negotiations with a single bidder as soon as next week when it comes to selling its medical device business, according to the Wall Street Journal, which cites people familiar with the matter.
Fujifilm Holdings Corp. and Canon Inc. have the best chances to make the deal, according to WSJ. Toshiba executives are anticipating a $6 billion sale.
The deal, which Toshiba first announced in December, would mark the latest chapter in the medtech merger frenzy that is shifting the landscape of the medical device industry, and would further alter the landscape when it comes to the world’s largest medtech companies. Toshiba’s device business brings in about $3.5 billion a year in sales.
