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Sony Buys Toshiba's Image Sensor Business for $155 Million

The facilities will operate under Sony's new wholly owned subsidiary, the Sony Semiconductor Corporation.

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Sony has announced that it’s buying Toshiba’s image sensor business for 19 billion yen ($155 million). Plans to do so were first rumored in October, but Sony has now confirmed the price, with the transfer of Toshiba’s fabrication plant, equipment, and employees set to be completed within the fiscal year ending March 31, 2016.

The facilities will operate under Sony’s new wholly owned subsidiary, the Sony Semiconductor Corporation, which will be dedicated primarily to the production of image sensors.

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This article originally appeared on Recode.net.