April 2, 2012: a great day to officially wash your hands of an unprofitable business. On the heels of Philips
stuffing its TV biz into a joint venture, 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 PR below, but unless you want to know how much capital the division has (¥450 million, 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.
Permalink | |
Email this |
Comments
Chinese internet giant Alibaba is doubling down on its chip manufacturing with a dedicated subsidiary, co-founder and chairman Jack Ma said at an event in Hangzhou this week. The company wants to launch its first self-developed AI inference chip in t...
Google's parent company Alphabet is continuing its push for a presence in China with a new Waymo subsidiary, based in Shanghai. Waymo – one of the world's leading autonomous car designers -- has confirmed it has set up a legal entity in the cou...
GM isn't the only US automaker making self-driving car announcements today. Ford revealed a new subsidiary, Ford Smart Mobility, that will focus on developing new technology for autonomous vehicles, in-car connectivity and transportation services. Fo...
