Fujitsu and Toshiba announced on Thursday that they have completed the transfer of Fujitsu's hard-drive business to Toshiba.
First announced in February, the agreement moves Fujitsu's former hard-drive business into a new Toshiba subsidiary company called Toshiba Storage Device Corp., or TSDC.
To ease the transfer, Toshiba will initially own 80 percent of TSDC, with the remaining 20 percent owned by Fujitsu. By December of 2010, Fujitsu will give up its entire share, making TSDC a wholly owned Toshiba subsidiary.
The conclusion of the deal had been postponed because of delays in obtaining regulatory approval from the European … Read more