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General

Toshiba in new talks to sell memory ops to consortium led by WD - report

Thursday 24 August 2017 | 09:16 CET | News
Toshiba is again in talks to sell its memory chip business, this time to a consortium made up of Western Digital, Kohlberg Kravis Roberts, the public-private Innovation Network Corp of Japan and the state-backed Development Bank of Japan, for about JPY 1.9 trillion, the Nikkei reported. The parties are hoping to reach a deal by the end of the month. Toshiba has been looking to sell the business for a while, including its stake in a joint venture with Western Digital. The two companies have sparred over the matter and even gone to court.

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Categories: General
Companies: Toshiba / Western Digital
Countries: World
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