Toshiba was the first company to deliver a laptop PC to the market in 1985, known as the T1100. Today, decades later, the company that played an essential role in cellular computing is currently leaving behind the PC business.
Sharp, which operates under the Foxconn conglomerate umbrella, would use the majority stake as a foothold.
Toshiba was made to spin off its NAND company as Toshiba Memory Corporation, which became Kioxia.
Toshiba also sold its TV company to HiSense and marketed Westinghouse Electric to Brookfield Business Partners.
Sharp then brought the company under the Dynabook brand, and Toshiba kept a 19.9 percent stake.
Toshiba’s sale of its PC business back in 2018 was part of a broad Under the terms of the deal; Sharp acquired most of Toshiba’s Has sold its remaining 19.9 percent stake in Dynabook into Sharp, due to your call option that was part of this agreement. As Toshiba’s press release states, this makes Dynabook a wholly-owned subsidiary of Sharp.