In exchange for increasing the stake in the joint venture with Toshiba, Western Digital Corporation is ready to refuse to participate in the auction

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POSTER: computer news   ||   IN EXCHANGE FOR INCREASING THE STAKE IN THE JOINT VENTURE WITH TOSHIBA, WESTERN DIGITAL CORPORATION IS READY TO REFUSE TO PARTICIPATE IN THE AUCTION	DATE:2017-09-06
Among the leaders of Toshiba are opponents of the sale of Toshiba Memory assets to a consortium, which includes Western Digital Corporation, albeit on minority rights.  Apparently, it is this circumstance that hinders the progress of the negotiations.  However, as Reuters notes in the new publication, the American hard disk manufacturer is ready to make concessions if Toshiba will allow it to increase its share in the joint venture for the production of solid-state memory, which was inherited from SanDisk.  In addition, WDC insists on the opportunity to participate in investment in the development of Japanese joint venture enterprises.  Against the background of mutual contradictions this year, Toshiba has deprived WDC of this opportunity, now American partners are trying to restore the status quo. In exchange for increasing the stake in the joint venture, WDC is ready to refuse to participate in the investment consortium, which claims to purchase Toshiba Memory assets.  After all, it's in the interests of WDC to participate in the production of solid state memory, and how it will be implicated to it is a secondary matter.  Today, Toshiba's board should discuss this option, and if a positive decision is made, this will facilitate the advancement of negotiations on the future of Toshiba Memory.  Against the background of these news, the share price of Toshiba rose by more than four percent.   Related Products :

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