Toshiba considering two-way split, to sell U.S. air conditioner business -Nikkei

FILE PHOTO: Pedestrians walk past a Toshiba Corp logo outside an electronics retailer in Tokyo, Sept. 14, 2015. REUTERS/Toru Hanai/File Photo

TOKYO (Reuters) -Japan's Toshiba Corp is considering splitting in half instead of three and will offload its U.S. air conditioning business for $870 million, the Nikkei said on Friday, in an attempt to overcome shareholder opposition to its turnaround plan.

The change would mark the latest twist in Toshiba's drawn out battle with foreign shareholders, many of them activists and hedge funds, and highlights the once-mighty conglomerate's fight to revive itself after a dramatic fall from grace.