updated 02:40 pm EDT, Mon April 2, 2012
Fujitsu buys out Toshiba's stake in joint venture
Fujitsu has bought the remaining 19.9 percent of the shares it didn't own from Toshiba in the pair's jointly owned Fujitsu Toshiba Mobile Communications business. The Monday announcement means the new company is now a fully-owned subsidiary of the Fujitsu Group and has thereby been renamed to Fujitsu Mobile Communications. The joint venture worked on the IS12T Windows Phone smartphone that was launched in Japan at KDDI, but little else outside of an Android equivalent.
This move was expected as far back as August. The phone that came as a result of the union was the very first to run on Widnows Phone 7.5 and sports a 1GHz Snapdragon processor, 3.7-inch touchscreen, and a 13.2-megapixel camera.
The two haven't had major success in the cellphone space and saw Apple eclipse them in their native country along with Japanese rivals.