• Kyodo

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Toshiba Corp., a major Japanese electronics company mired in an accounting scandal, is selling its e-book distribution business to video-on-demand company U-Next Co. for an undisclosed sum on Sept. 30, Tokyo-based U-Next said Wednesday.

A Toshiba source said the company had long been considering the sale of its BookPlace service as part of its shift of focus to infrastructure businesses.

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