Sharp to Buy Toshiba's Personal Computer Business, License Brand

Sharp Corp., controlled by Foxconn Technology Group, plans to buy Toshiba Corp.’s personal-computer business as its Taiwanese parent seeks to expand beyond contract manufacturing and build a brand of its own.

Toshiba is selling 80 percent of the unit for 4 billion yen ($36 million) and the two companies aim to complete the sale by Oct. 1, they said in statements on Tuesday. Toshiba makes laptops and tablets for consumers and enterprise customers under the Dynabook brand. Both companies said the deal will have little impact on their earnings.