According to Sohu.com, on March 30th, 20 16, Toshiba and Midea announced the signing of the final agreement of this transaction, and Midea will acquire 80. 1% of the shares of Toshiba's home appliance business subsidiary. At the same time, Midea will receive 40 years of global authorization from Toshiba brand and more than 5,000 patents related to white goods.