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Sharp to buy Toshiba's PC business for $36m

Parent Foxconn would help Osaka-based unit re-enter the market

 Toshiba Corp's logo is pictured on a personal computer.    © Reuters

OSAKA -- Sharp on Tuesday said it plans to acquire Toshiba's money-losing personal computer business for an estimated 4 billion yen ($36 million), re-entering a market it withdrew from eight years ago.

The Osaka-based electronics maker hopes to build on the expertise of parent Hon Hai Precision Industry, the Taiwanese contract manufacturer also known as Foxconn.

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