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Toshiba offers to talk with Western Digital regarding chip unit sale

Published 06/23/2017, 12:01 PM
© Reuters.  Toshiba offers to talk with Western Digital regarding chip unit sale
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  • Toshiba (OTCPK:TOSBF, OTCPK:TOSYY) offers to speak with Western Digital (NYSE:WDC) regarding the potential $18B sale of Toshiba’s chip unit, which Western Digital has fought in court.
  • Western Digital has a stake in the chip unit thanks to its SanDisk acquisition and says Toshiba can’t sell the unit without the stakeholder’s permission.
  • Toshiba rejected Western Digital's bid for the unit.
  • Earlier this week, Toshiba selected a Japan-backed consortium as the bid winner, but Western Digital vowed to keep up the legal fight.
  • The consortium has reportedly offered Western Digital a role, which Toshiba supports but refuses to become the first to say so on the record.
  • Western Digital shares are up 4.76%.
  • Previously: Reuters: Tech industry casts doubts on Toshiba’s lead chip unit bidder (June 22)
  • Now read: Apple (NASDAQ:AAPL) Earnings: What To Expect From The World's Richest Tech Company


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