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Toshiba Sells its PC Unit to Sharp in $36 Million Deal – Industry Analysts, Inc.

BYABRAR AL-HEETI – Toshiba is selling its personal PC business to Sharp.

The roughly $36 million deal, announced Tuesday, includes the issuance of $1.8 billion in new shares by Sharp to buy back stock from banks, ZDNet reports.

Sharp, which was acquired by Apple supplier Foxconn in 2016 for around $3.5 billion, will have an 80.1 percent stake in the business, according to a release. The company closed its PC operations in 2010 but appears to be returning to the PC market.

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