Toshiba now hopes to sell the memory business of Western Digital Corporation

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POSTER: computer news   ||    TOSHIBA NOW HOPES TO SELL THE MEMORY BUSINESS OF WESTERN DIGITAL CORPORATION	DATE:2017-08-23
The American company Western Digital Corporation, inherited together with SanDisk assets in a joint venture with Toshiba, was very concerned about the plans of Japanese partners to sell a memory business to a consortium of Japanese and American investors, whose rival South Korean company SK Hynix.  Trials and mutual threats have undermined the patience of "the number one candidate", as noted by Reuters referring to the agency Nikkei . The lack of progress on the alternative direction forced Toshiba representatives to resume negotiations with Western Digital Corporation about the repurchase of Toshiba Memory assets.  Americans also want to attract a group of institutional and strategic investors, among which will be "migrated" from the previous group of Japanese banks and funds.  WDC itself claims no more than 20% stake.  The parties hope to reach some kind of agreement by the end of August, with the expectation that subsequent approvals from   authorities of different countries will allow the deal to be concluded before March 2018.  This will allow Toshiba to look more respectable in the eyes of investors and creditors, since in March the company finishes another fiscal year.  This group of investors offers for the core assets of Toshiba about $ 18 billion. Related Products :

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