Toshiba buys nuclear-engineering company Westinghouse
Toshiba beat out GE and Mistubishi in a bid of nearly $5 billion to purchase Westinghouse, an American nuclear-engineering company owned by the British government, according to a story from Times Online. If nothing else, this is instructive on the international scope of large-scale business today: A Japanese company buys an American firm from the British government, eying China’s demand for nuclear reactors. And the only other company that offers a pressurized-water design that China’s government supposedly favors is French company Framatome.
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