Sharp, a company well-known for their televisions, is reportedly planning to buy Toshiba’s personal computer business. The two companies are currently in talks and are aiming at finalizing sales on Oct.1. Toshiba will sell 80% of their PC business unit for 4 Billion Yen (~2 Billion pesos).
The deal is riding on the fact that Toshiba needs to make up for the bankruptcy of one of their nuclear energy subsidiaries in the US. This is actually one of the many units the company was forced to sell to balance their loses.
Sharp, on the other hand, is planning on leveraging their advantages in LCD manufacturing to turn around Toshiba’s dying PC unit. Not only that, they will also take advantage of the manufacturing knowledge of their parent company, Hon Hai Precision Industry Co.