Toshiba to sell PC unit to Sharp for 4 bil. yen

Toshiba Corp. said Tuesday it has agreed to sell its loss-making personal computer business to Sharp Corp. for 4 billion yen ($36 million) as part of its turnaround efforts.Sharp will obtain an 80.1 percent stake in Toshiba Client Solutions Co., which manufactures the Dynabook line of laptops, and plans to sustain the brand name. They are aiming to complete the transaction on Oct. 1.The move comes as Toshiba reviews its operations to achieve sustainable growth by focusing on its energy and infrastructure businesses.On Friday, it completed the sale of its memory chip unit to a Japan-U.S.-Sou…READ FULL ARTICLE