Fujitsu and Toshiba have announced today that they’ve signed a deal to transfer Fujitsu’s hard drive business to Toshiba:
Fujitsu will facilitate the transfer by bringing its HDD-related businesses and functions together in a new company. Toshiba will acquire about an 80 percent stake in this company and make it a Toshiba Group subsidiary. In order to promote a smooth transfer, Fujitsu will continue to hold a stake of under 20 percent in the new company for a certain period of time, after which it will become a wholly owned subsidiary of Toshiba.
Oh, there’s more. Toshiba then has plans for world domination to expand its market share by 2015. I guess that’s a reason for Seagate to be worried.
Expect this deal to close quickly.
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This entry was posted on February 17, 2009 at 3:22 pm and is filed under Commentary with tags Fujitsu, Toshiba. You can follow any responses to this entry through the RSS 2.0 feed.
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Fujitsu Sells Hard Drive Biz To Toshiba
Fujitsu and Toshiba have announced today that they’ve signed a deal to transfer Fujitsu’s hard drive business to Toshiba:
Fujitsu will facilitate the transfer by bringing its HDD-related businesses and functions together in a new company. Toshiba will acquire about an 80 percent stake in this company and make it a Toshiba Group subsidiary. In order to promote a smooth transfer, Fujitsu will continue to hold a stake of under 20 percent in the new company for a certain period of time, after which it will become a wholly owned subsidiary of Toshiba.
Oh, there’s more. Toshiba then has plans for world domination to expand its market share by 2015. I guess that’s a reason for Seagate to be worried.
Expect this deal to close quickly.
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This entry was posted on February 17, 2009 at 3:22 pm and is filed under Commentary with tags Fujitsu, Toshiba. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.