Toshiba Tec to buy IBM's point-of-sale terminal operations: source

Reuters News
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Posted: Apr 16, 2012 11:33 PM
Toshiba Tec to buy IBM's point-of-sale terminal operations: source

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

(Reporting by Maki Shiraki; Writing by Mayumi Negishi; Editing by Edwina Gibbs)