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Sony could buy Toshiba’s image sensor business in £100m deal

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Sony Xperia Z5 Premium 67

Despite its struggling mobile business, Sony is still a serious contender in the image sensor market.

That position may about to be bolstered even further thanks to an imminent acquisition of Toshiba’s image sensor business, a new report claims.

According to Reuters, Toshiba has agreed to to sell the business to Sony at a price of 20 billion yen – that’s around £107.5 million.

The report claims it’s part of “a restructuring plan laid out earlier this year”, and cited “sources with knowledge of the deal”.

Toshiba is currently going through a restructuring process after it overstated its earnings over the past seven years.

As a result of the deal, Toshiba will allegedly be pulling out of the sensor business entirely.

It’s claimed that the sale is likely to be finalised soon, and will see a number of assets move under Sony’s control.

Amongst these assets is Toshiba’s image sensor manufacturing plant, which is located in Oita, Japan.

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Sony images sensors appear in its Xperia range of smartphones, but they’re also prolific across the industry.

For instance, it’s been reported that Sony makes $20 every time an iPhone 6 is sold, thanks to Apple’s use of the company’s sensors.

Do you think Sony’s rumoured acquisition of Toshiba’s image sensor business is good or bad for consumers? Let us know in the comments.

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