Fujitsu, Panasonic Secure Funding for Chip Merger

More than a year after announcing plans to combine their struggling system chip operations, Fujitsu and Panasonicare finally launching their new merged company with the help of Japanese government money. The firms said Wednesday the state-owned Development Bank of Japan has agreed to invest up to Y20 billion ($195 million) in the new company, combined with a Y10 billion loan. Fujitsu and the DBJ will hold 40% of the voting rights in the merged entity while Panasonic will hold 20%.

http://blogs.wsj.com/digits/2014/04/23/fujitsu-panasonic-secure-govt-money-for-chip-merger/