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Taiwanese money can’t save Japan from Samsung Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » A view shows Toshiba Corp's logo at the fourth International Photovoltaic Power Generation (PV) Expo in Tokyo March 2, 2011. Credit: Reuters/Yuriko Nakao Tue Apr 17, 2012 12:02am EDT (Reuters) - A unit of Toshiba Corp (6502.T) is in talks to buy IBM Corp's (IBM.N) point-of-sale (POS) terminal business, which includes cash registers, a source familiar with the deal said on Tuesday. The purchase, which local media put at around $870 million, was aimed at expanding the global reach of Toshiba's half-owned Toshiba Tec Corp (6588.T), making it the world's largest vendor of POS systems and equipment, the source told Reuters. The company's board had yet to meet to finalize the deal, the source added. Toshiba Tec shares gained 7.5 percent in Tokyo to 329 yen, outperforming a flat overall market. Toshiba Tec would pay 70 billion yen ($870 million) for the IBM business - which counts Wal-Mart (WMT.N) and Toys "R" Us (TOYS.N) as customers - mainly financing the deal with cash reserves and bank loans, the Nikkei business daily reported. IBM holds the top slot in the global POS terminal market with a share of 22 percent, the Nikkei said, compared with a 7 percent share for the Toshiba subsidiary. IBM's technology would strengthen Toshiba's cloud computing services that enable stores, shoppers, manufacturers and others to exchange information and offer services, it said. ($1 = 80.3800 Japanese yen) (Reporting by Maki Shiraki in TOKYO and Sagarika Jaisinghani in BANGALORE; editing by Sreejiraj Eluvangal and Richard Pullin) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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