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Tuesday, December 28, 2010
 Toshiba Storage Device Becomes Wholly Owned Subsidiary of Toshiba
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Message Text: Fujitsu Limited and Toshiba Corporation today announced that Toshiba has acquired Fujitsu's shareholding in Toshiba Storage Device Corporation (TSDC).

With the completion of the transaction, TSDC has become a wholly owned subsidiary of Toshiba.

In October 2009, Fujitsu and Toshiba merged their HDD businesses. Toshiba acquired an 80.1 percent stake in TSDC, making it a Toshiba Group subsidiary. Fujitsu took a 19.9 percent stake in TSDC, which it was scheduled to hold until the end of December 2010. Toshiba has now acquired Fujitsu's stake, making TSDC a wholly owned Toshiba subsidiary.

Toshiba Storage Device Corporation (TSDC) has a capital of 350 million yen and its main business is HDD design, development, production technology and quality assurance.
 
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