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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