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Toshiba sells its laptop business to Sharp

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Toshiba sells its laptop business to Sharp

#1 Post by Summilux » Tue Jun 05, 2018 3:54 pm

Toshiba wants to sell its laptop business and it has found a buyer. Sharp, a subsidiary of the huge ODM Foxconn, will buy the business for a comparably low price.

Sharp, the buyer of the business unit and itself a subsidiary of the Taiwanese company Foxconn, pays a comparably low sum for the business – it will acquire the Toshiba PC business unit for four billion Yen, which are just roughly 36 Million US-dollar.

The transaction is expected to be finished in October 2018. Afterwards, Sharp will own 80 % of the Toshiba PC business, while a minority share of 20 % will remain with Toshiba.
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