Toshiba officially quits the laptop business after 35 years Toshiba T1100 vs Toshiba Portégé X30T-E-13H
Toshiba has sold off the last few shares of its PC business, now known as Dynabook Inc., drawing a 35-year stint in the industry to a close.
The Japanese firm sold the majority (80.1%) of its PC arm to fellow electronics manufacturer Sharp in 2018, for $36 million.
In June, however, Sharp activated a clause in the original agreement that allowed the firm to purchase the remaining 19.9%, effectively jettisoning Toshiba from an industry it once led.
“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 the transfer, Dynabook has become a wholly owned subsidiary of Sharp,” reads a statement published by the firm.
“On June 3030, 2020, under the terms of the [original] 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.”
Toshiba laptops
The first Toshiba laptop (the T1100) was released in 1985, but the firm did not cement its place in the laptop industry until the 1990s – a decade in which Toshiba came to hold the largest market share. The company also found itself among the top PC vendors, despite its brief and limited foray into the world of desktop computing.
However, the company’s industry standing began to slide in the late 2000s, as its machines were displaced by laptops with a more attractive design and/or superior performance.
By the 2010s, Lenovo, HP, Dell and Apple dominated the field, pushing Toshiba further towards the periphery and ultimately motivating the initial sale to Sharp.
In a bid to rejuvenate the struggling laptop portfolio, Sharp swiftly initiated a rebrand and the business was renamed Dynabook. The acquisition of the remaining shares suggests Sharp is confident it can profit from the revival.
It is unclear for how much the remaining 19.9% was sold to Sharp and therefore what valuation the new deal places on Dynabook. TechRadar Pro is awaiting a response from the parties involved.
Via The Register
Toshiba has sold off the last few shares of its PC business, now known as Dynabook Inc., drawing a 35-year stint in the industry to a close. The Japanese firm sold the majority (80.1%) of its PC arm to fellow electronics manufacturer Sharp in 2018, for $36 million. In June,…
Recent Posts
- North Korean hackers have some deious new Linux backdoor attacks to target victims
- Single-tap passkeys are coming to Android 15
- New Teslas might lose Steam
- Microsoft looking to relocate hundreds of China-based workers as diplomatic tensions rise
- Russell T. Davies turned to fantasy to make Doctor Who think harder
Archives
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011