0
General

Toshiba, Western Digital end dispute over sale of memory ops

Tuesday 12 December 2017 | 10:41 CET | News
Toshiba and Western Digital have settled their dispute over the planned sale of Toshiba's memory business to Bain for JPY 2 trillion, the Wall Street Journal reported. Directors at both companies separately voted to drop legal cases brought against each other, sources said, adding that lawyers are preparing documents and a formal announcement is expected as soon as this week.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Apple / SanDisk / Toshiba / Western Digital
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Toshiba, WD end all ligitation, start new flash memory cooperation

Published 13 Dec 2017 08:47 CET | World
The parties will strengthen their flash memory collaboration by extending the terms of their joint ventures. Flash Alliance will ...

Toshiba closes financing that will help remedy hole left by Westinghouse project

Published 05 Dec 2017 11:10 CET | World
Toshiba said it has closed a financing transaction that it will use to fulfil its obligations regarding the nuclear power ...

Toshiba agrees sale of memory business to Bain group for JPY 2 trillion

Published 21 Sep 2017 09:02 CET | Japan
Toshiba has reached an agreement to sell its memory chip business to a consortium led by Bain Capital for JPY 2 trillion. The ...