Toshiba to sell sensor business to Sony for $165 million

Toshiba is finalizing plans to sell its image sensor business to Sony for an estimated $165 million (¥20 billion) in a bid to raise cash after a $1.3 billion accounting scandal. Toshiba has been unloading assets as part of its restructuring plan. Sony currently has 40% of the growing image sensor market, and is quadrupling spending to keep up with demand.