Toshiba officially quits the laptop business

Toshiba has officially announced the sale of the remaining 19.9% of the outstanding shares in Dynabook Inc. that it held, to Sharp Corporation.

The Japanese conglomerate sold 80.1% of PC business unit to Sharp in 2018 for $36 million, and Sharp renamed the division Dynabook. On June 30, 2020, under the terms of the 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.

As a result of this transfer, Dynabook has become a wholly owned subsidiary of Sharp.

Toshiba was a pioneer in the PC business with the launch of the T1100 in 1985 which was widely considered the first mainstream laptop computer. It continued with the its Satellite, Portégé and Qosmio lines in the 1990s and 2000s