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Toshiba, Western Digital chat about chip unit sale to no avail

Published 06/09/2017, 09:24 AM
© Reuters.  Toshiba, Western Digital chat about chip unit sale to no avail
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  • Toshiba (OTCPK:TOSBF, OTCPK:TOSYY) and Western Digital (NYSE:WDC) execs met today concerning the ongoing chip unit feud, and Toshiba isn’t feeling confident about the discussion.
  • “Toshiba listened to Western Digital's thinking, but our concerns about the prospects of success for a deal were not wiped out,” a Toshiba spokeswoman tells Reuters.
  • Toshiba hopes to name a chip unit winner by next week while Western Digital continues to claim contractual consent rights requiring its approval for the sale.
  • Previously: Toshiba to name chip buyer next week (June 8)
  • Now read: Apple (NASDAQ:AAPL)'s Project Titan: California Makes It Official


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