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Toshiba jumps on reports of WDC bid

Published 05/24/2017, 03:00 AM
Updated 05/24/2017, 03:00 AM
© Reuters.  Toshiba jumps on reports of WDC bid
  • Toshiba (OTCPK:TOSYY) shares closed up 8% in Tokyo on reports that Western Digital (NYSE:WDC) and its partners were prepared to offer ¥2T ($17.9B) for the Japanese conglomerate's memory chip business.
  • The two are already in the midst of a fierce legal dispute, with Western Digital threatening to block a Toshiba sale without its consent as it would represent a breach of the pair's joint chip venture.
  • Now read: Why Western Digital Will Win Its Shotgun Divorce With Toshiba


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