Toshiba Corporation Acquires All Shares of Toshiba Storage Device Corporation
Japanese corporations Fujitsu and Toshiba announced that Toshiba Storage Device Corporation (TSDC) is now a wholly owned subsidiary of Toshiba Corporation, as Toshiba buys back all of the shares from its partner Fujitsu. The ratio of the stakes is 80.1%-19.9%, with Toshiba holding the bigger share, making TSDC a subsidiary of Toshiba Group.
The 19.9% share held by Fujitu was inked to belong to the company till December of 2010. Now that the contract ends, Toshiba acquires Fujitsu’s share and TSDC now becomes a subsidiary of Toshiba Group in full. The acquisition does not cause any of the party to change the consolidated financial projections for fiscal 2010.
This is the latest in cloud consolidation, with Toshiba looking to control more of its storage solutions. While both companies are after global expansion, and partnerships have been a primary tactic for cloud companies (especially in Japan for gaining an international presence), Toshiba is steadily breaking ground for internal expansion.
Both Japanese Corporations established relationships with other companies as well. Toshiba has partnered with Intel and Samsung in order to create a 10nm class NAND, Intel being a leader in chip manufacturing while Samsung and Toshiba as leaders of the NAND market. Fujitsu, on the other hand, partnered with Egenera to bring in virtual unified computing to Fujitsu Blade Servers.
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