Toshiba sold the last shares of its PC business, now known as Dynabook Inc., ending a 35-year stint in the industry. The Japanese company sold most (80,1%) of its PC business to another electronics maker Sharp in 2018 for $36 million. In June, however, Sharp activated a clause in the original deal that allowed the company to buy the remaining 19,9%, effectively cutting Toshiba out of an industry it once led. “Toshiba Corporation hereby announces that it has transferred 19,9% of the outstanding shares of Dynabook Inc. that it owned to Sharp Corporation. Following this transfer, Dynabook became a wholly owned subsidiary of Sharp,” read a statement issued by the firm. "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 the procedures for their transfer."
Toshiba laptops
Toshiba's first laptop (the T1100) launched in 1985, but the company didn't cement its place in the laptop industry until the 1990s, a decade in which Toshiba came to own more. large market share. The company has also found itself among the top PC vendors, despite its brief and limited foray into the world of desktop computing. However, the company's reputation in the industry began to wane in the late 2000s as its machines were replaced by laptops with more attractive designs and/or better performance. In the 2010s, Lenovo, HP, Dell, and Apple dominated the field, pushing Toshiba further to the periphery and ultimately motivating the initial sale to Sharp. In an effort to rejuvenate the struggling notebook portfolio, Sharp quickly initiated a rebrand and the company was renamed Dynabook. The acquisition of the remaining shares suggests that Sharp is confident that it can benefit from the recovery. It is not known how much of the remaining 19,9% was sold to Sharp, and therefore what valuation the new deal gives Dynabook. TechRadar Pro is awaiting a response from affected parties. through registration