Briefing

Western Digital Agrees to Stop Trying to Block Toshiba's $18 Billion Chip Unit Sale

6 days ago   |   By

Toshiba Corp tosbf and business partner Western Digital Corp wdc have agreed in principle to settle a dispute over the embattled Japanese conglomerate's plans to sell its $18 billion chip unit, sources with direct knowledge of the talks said.
Toshiba‘s board has approved a framework for a settlement and is aiming to reach a final agreement by next week, one of the sources said.
Read: Why Toshiba Is Still Weighing Its Options In Selling Its Prized Chip Unit
The potential for Western Digital - Toshiba‘s partner in its main semiconductor plant and jilted suitor in the long and contentious...
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