Fujitsu buys out Siemens in Fujitsu-Siemens PC Company

Fujitsu buys the 50% stake of Siemens in the Fujitsu-Siemens PC Joint-venture making in a wholly owned Fujitsu company.
Fujitsu pays $566.5 million for the Siemens ownership in the PC maker.
Fujitsu said in a statement that it expects to the deal to close on April 1, 2009, making Fujitsu Siemens Computers a wholly owned subsidiary. Siemens is still on a path of restructuring and focusing their business.
Via Reuters.

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