companiestechnology

Toshiba officially steps away from the PC market

The company sold its remaining shares of its PC business to Sharp

Toshiba Corporation hereby announces that it has transferred the 19.9% of the outstanding shares in Dynabook Inc. that it held to Sharp Corporation. As a result of this transfer, Dynabook has become a wholly-owned subsidiary of Sharp.

Under the terms of a June 2018 share purchase agreement between Toshiba and Sharp, Toshiba transferred to Sharp 80.1% of the outstanding shares of Toshiba Client Solutions Co., Ltd (hereinafter TCS), then Toshiba’s wholly-owned subsidiary in the personal computer business. That transfer closed in October 2018, and TCS changed its name to Dynabook in January 2019. On June 30, 2020, under the terms of the share purchase agreement, Sharp exercised a call option for the remaining outstanding shares of Dynabook held by Toshiba, and Toshiba has completed procedures for their transfer.

Details are still developing and new information is expected to arise as the transition takes place.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

seventeen − 4 =

Back to top button
Translate »
error: Content is protected !!

Adblock Detected

Portugalinews is an informative site that we hope will be to your liking, being our only source of income the advertising that is displayed on its pages, if you like the site, please switch off the adblocker, and see the advertising, helping our advertisers, help us to continue, to give you news, events, videos, photos and tips, thank you.