Fujitsu Speeds Aircon Deal, Sees AI Helping $5 Billion Sales (2)

Fujitsu Ltd. aims to jumpstart stalled negotiations to sell a $730 million stake in its air-conditioning business, a deal that may help propel its expansion into a hot nascent market for AI services.

The Japanese icon, which is disposing of consumer-oriented businesses, remains in talks with multiple parties for a speedier sale of Fujitsu General Ltd., Chief Executive Officer Takahito Tokita said in an interview. The urgency to close has grown against the backdrop of escalating geopolitical and economic uncertainty, which is roiling company valuations. Fujitsu General’s shares reversed losses and gained as much as 3.4% in late Tokyo ...