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Toshiba to Pay $5.4 Billion for Westinghouse

Posted by ScuttleMonkey on from the much-longer-laptop-battery-life dept.

Philip writes "Business electronics firm Toshiba is bidding for 100% control of Westinghouse - famous for making blenders and LCD televisions, but principally in the business of building nuclear reactors. 'By 2020 the market for nuclear power generation is expected to grow 50 percent compared to 2005,' Toshiba CEO Nishida said at a London news conference. 'Toshiba is responding to this challenge by acquiring Westinghouse.'"

1 of 226 comments (clear)

  1. And by 2047... by Anonymous Coward · · Score: 0, Offtopic

    ...the demand for all forms of energy will take a dramatic drop...