Sharp scoops up Toshiba's PC business

|By:, SA News Editor

It's the latest in a string of deals for Toshiba (OTCPK:TOSYY), which has been forced to divest units to repair a balance sheet following the bankruptcy of its nuclear energy subsidiary Westinghouse.

The Japanese company is selling 80% of its PC business to Sharp (OTCPK:SHCAY) - controlled by Foxconn Technology (OTC:FXCOF) - for ¥4B ($36M), as the latter seeks to expand beyond contract manufacturing and build a brand of its own.

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