Toshiba has rubbished reports that it is looking to offload its PC business to Asus, as the vendor continues to struggle though a restructure and the sale of its memory business.
Reports in Japan claimed that Toshiba was looking to flog its PC unit as it attempts to balance its struggling finances, with Lenovo also said to be sniffing around.
However, Toshiba has rebuffed these claims in a statement, saying: "Reports that Toshiba has decided to sell off the business are not grounded in fact, nor is it in discussion with any individual company."
Toshiba has found itself in financial difficulty after its Westinghouse US nuclear division left it with a $9bn (£6.8bn) hole to fill.
The vendor has looked to sell off its lucrative chip business to stabilise its balance sheet, but the deal is reportedly being held up.
While denying the PC sale, Toshiba however confirmed that a group of hedge funds will be grouping together to acquire $5.4bn in new Toshiba shares.
The vendor confirmed plans to explore the sale of the Westinghouse division.
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