Fujitsu and Toshiba have been together into the Fujitsu Toshiba Mobile Communications, though the share of the two was quite disproportionate. Toshiba had a 19.9 percent interest in the company whereas Fujitsu had the dominant 80.1 percent. And now, Fujitsu has bought off Toshiba’s stake, making it a Fujitsu-only venture and officially renaming it as a division of the company.
As soon as the stake-buy-out of Toshiba’s part was done, Fujitsu was quick to rename the venture since it comes solely under Fujitsu now. The new name is Fujitsu Mobile Communications, the ‘Toshiba’ in the name having been deleted conveniently, and naturally.
It doesn’t come as quite a surprise since Toshiba already had a small interest in the company and given the rather not-so-profitable outlook of the venture, it was inevitable that Toshiba got out of this. To read the details Press Release regarding the buy-out, click here.