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April 2, 2012 04:43 pm EDT

Fujitsu buys out Toshiba's stake in mobile joint venture, division now called Fujitsu Mobile Communications

April 2, 2012: a great day to officially wash your hands of unprofitable business ventures. On the heels of Philips marking its exit from the TV biz, Fujitsu announced it has bought out Toshiba's stake in Fujitsu Toshiba Mobile Communications (just like we knew it would). Fujitsu already had a controlling 80.1 percent interest in the company, so this doesn't exactly mark a seismic change in management. Still, with that final 19.9 percent it's now a fully-owned subsidiary of the Fujitsu Group, and has been rechristened Fujitsu Mobile Communications. We've got the full PR below, but unless you want to know how much capital the division has (450 million yen, to be exact), we think we've got you covered on the facts.

Continue reading Fujitsu buys out Toshiba's stake in mobile joint venture, division now called Fujitsu Mobile Communications

Fujitsu buys out Toshiba's stake in mobile joint venture, division now called Fujitsu Mobile Communications originally appeared on Engadget on Mon, 02 Apr 2012 12:43:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2012/04/02/fujitsu-buys-out-toshibas-stake-in-mobile-joint-venture/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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