Toshiba Transfers Shares in Dynabook to Sharp

[6Foot2]

Link: Toshiba Transfers Shares in Dynabook to Sharp [Toshiba.co.jp]

 

TOKYO—Toshiba Corporation (TOKYO: 6502) 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 this transfer, Dynabook has become a wholly owned subsidiary of Sharp.

 

Under the terms of a June 2018 share purchase agreement between Toshiba and Sharp, Toshiba transferred to Sharp 80.1% of the outstanding shares of Toshiba Client Solutions Co., Ltd (hereinafter TCS), then Toshiba’s wholly owned subsidiary in the personal computer business. That transfer closed in October 2018, and TCS changed its name to Dynabook in January 2019. 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.

[synaesthesia]

Good lord, these get so confusing. I assume this is the Sharp we know and not the Sharp that sells utter crud in the UK by letting crap manufacturers like Vestel etc manufacture kit and stick their logo on? Not that it matters too much - I guess I just miss the good old days when you bought a name and it was actually made by that company!

[paulkerton]

I guess I just miss the good old days when you bought a name and it was actually made by that company!

 

You're going to be shocked when you find out about Apple's manufacturing