Sharp Corp to pay $36.47 for a 80.1% stake in Toshiba’s personal computer business

The move marks a return to a segment that Sharp left nearly 8 years ago. It also underscores Sharp Corp’s improved health under Foxconn’s management.

On Tuesday, Sharp Corp disclosed it will acquire Toshiba Corp’s personal computer business for $36 million.

The announcement underscores its recovery under Foxconn and marks its return to a business it quit 8 years ago.

In a statement, Sharp Corp said, it will pay $36.47 million (4 billion yen) for a 80.1% stake in Toshiba Corp’s personal computer business.

A few years earlier, Sharp was a major player in the high-end TVs and smartphone displays segment. However, it did not manage to compete with the likes of Foxconn, also known as Hon Hai Precision Industry Co Ltd.

Sharp exited the PC market in 2010.

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