Toshiba is not about to become an Asustek satellite company, yet
Subject: General Tech | November 20, 2017 - 12:50 PM | Jeremy Hellstrom
Tagged: rumour, asus, asustek, toshiba
Toshiba has been having a rough year, but according to what The Inquirer was been able to find out they are not quite ready to sell their computer business to AsusTek or Lenovo quite yet. The issue stems from their pending removal from the Tokyo Stock Exchange next March do to falling below certain financial thresholds. Toshiba is hoping that the pending $18bn sale of its semiconductor business will complete before the end of this fiscal year, which would see them into the clear, but it is uncertain that that will be the case. Toshiba have completed a $114m sale of their TV business, which means there is not that much left for them to divest other than their computer business. On the other hand if they sell the last of their assets there is no need to remain listed on the stock exchange. We shall see what happens as the deadline approaches.
"The news comes as media reports in Japan claim that the company is in talks to sell its PC manufacturing arm to Asustek Computer, best known under its Asus brandname. However, Toshiba was quick to issue a statement rejecting these rumours. "
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