Toshiba to sell image sensor business to Sony

Toshiba said Wednesday that it would sell its image sensor business to Sony, as part of a wider overhaul in the wake of a huge accounting scandal.

The Japanese engineering conglomerate did not say how much the deal was worth, but the leading Nikkei business daily pegged the figure at about 20 billion yen ($165 million).

The sale could boost Sony's position as a global leader in image sensors, key components in smartphones and other mobile devices.

The deal includes a transfer of 1,100 workers to Sony, which is itself overhauling its business after years of losses.

Toshiba last month reported a quarterly loss of $102 million, as it faced investors' wrath over an accounting crisis.