Toshiba announces exit from laptop business, sells Dynabook shares to Sharp

Japanese tech giant Toshiba, once well-known for its satellite range of laptops meant for heavy use, has finally decided to quit the laptop business. The company has quietly sold its remaining 19.9 per cent stake in its Dynabook laptop brand to Sharp, officially exiting the laptop business.

The company earlier sold the 80.1 per cent stake to Sharp in 2018.

"Toshiba Corporation hereby announces that it has transferred the 19.9 per cent of the outstanding shares in Dynabook that it held to Sharp Corporation. As a result of this transfer, Dynabook has become a wholly-owned subsidiary of Sharp," the company said in