Toshiba to Buy Westinghouse

Jan 24 2006, 1:38am EST | by Luigi Lugmayr

Toshiba won the bid for Westinghouse and is entering final negotiations.

This is actually about Westinghouse Nuclear, and not about the Westinghouse consumer electronics (site) business. Westinghouse Nuclear (site) is currently owned by British Nuclear Fuels (BNFL). Toshiba has offered $5 billion for Westinghouse. It is unclear to me if both businesses belong together. Toshiba's statement refers to just Westinghouse, but stresses the Nuclear business. Nuclear Power is again a hot topic in Europe. France wants to expand it. In Germany they are struggling to keep the decision to exit Nuclear power. What bothers me most, besides the danger of nuclear plant meltdowns, is actually that there is no solution for nuclear waste. More details on the Sierra Club site.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.