Toshiba, Western Digital talking again but they'd better agree lickety-split

Toshiba, Western Digital talking again but they'd better agree lickety-split

8 years ago
Anonymous $wKBR2uNMvM

https://www.theregister.co.uk/2017/08/23/toshiba_wd_memory_saga_latest/

Toshiba has restarted talks with Western Digital Corporation about buying its flash joint-venture interests after their CEOs met in Tokyo.

Toshiba and WDC have a set of joint ventures based on the Yokkaichi flash foundry in Japan's Mie Prefecture. Facing a crippling need to recapitalise after its US nuclear power station-building business failed, Toshiba has been trying to auction its joint-venture interests to outside bidders. That induced WDC to take an antagonistic legal route, saying Tosh had no right to sell its JV interests without WDC's consent.

Toshiba, Western Digital talking again but they'd better agree lickety-split

Aug 23, 2017, 12:11pm UTC
https://www.theregister.co.uk/2017/08/23/toshiba_wd_memory_saga_latest/ >Toshiba has restarted talks with Western Digital Corporation about buying its flash joint-venture interests after their CEOs met in Tokyo. >Toshiba and WDC have a set of joint ventures based on the Yokkaichi flash foundry in Japan's Mie Prefecture. Facing a crippling need to recapitalise after its US nuclear power station-building business failed, Toshiba has been trying to auction its joint-venture interests to outside bidders. That induced WDC to take an antagonistic legal route, saying Tosh had no right to sell its JV interests without WDC's consent.