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.