Toshiba unit to buy IBM retail solution ops for $850 m

TOKYO: A Toshiba Corp unit said on Tuesday it plans to buy IBM Corp’s point-of-sale terminal business for $850 million, aiming to secure clients such as Wal-mart Stores Inc and Toys “R” Us Inc .

Toshiba Tec Corp said it aims to buy the business, which spans cash registers and software to monitor inventory for retailers, in the second half of June or in July.