Breaking News

Sharkoon announces SKILLER SGM25W ASUS Unveils ExpertBook B3 G2 Conner Introduces the World's First "Pocket Cloud" via Kickstarter Pioneer announces microSD for dashcam God of War Greek trilogy remake in development & God of War Sons of Sparta out now

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Toshiba Chip-Unit Final Agreement Said to be Delayed, WD Opposes Participation of SK Hynix

Toshiba Chip-Unit Final Agreement Said to be Delayed, WD Opposes Participation of SK Hynix

Enterprise & IT Jun 26,2017 0

A final agreement related to future of Toshiba's memory chip business may be delayed beyond the electronics maker's self-imposed deadline this week, as investors work out the structure of the deal and Western Digital will not support it with rival SK Hynix being part of the preferred bidding consortium.

Last week Toshiba announced the preferred bidders for its chip unit, and said it planned to reach an agreement by Wednesday, June 28, and then close the transaction by March.

According to Bloomberg's sources, the Innovation Network Corp. of Japan and Development Bank of Japan, which joined up with Bain Capital, aren't in a hurry to reach a final agreement as they conduct due diligence because their participation won't require a lengthy antitrust review process. In addition, the outline of the deal may change depending on what happens with Western Digital, which jointly owns certain chip assets with Toshiba and has contested its authority to sell the semiconductor unit.

Steve Milligan, Western Digital's chief executive officer, sent a letter to Toshiba on Sunday, saying that it's risking technology leakage by letting Hynix participate in the sale of the chip business. "I must make it clear that Western Digital will not consent to a transaction with the proposed consortium," Milligan wrote, adding that Western Digital will press forward in seeking an injunction against a sale of the chip unit.

Toshiba officialy said there was no change in the Tokyo-based manufacturer's schedule.

Bain, INCJ and DBJ have indicated that they're willing to pay 2.1 trillion yen ($19 billion) for the semiconductor unit.

South Korean chipmaker SK Hynix Inc. is said to join the group by providing only loans to avoid antitrust hurdles. Toshiba CEO Satoshi Tsunakawa told a news conference on Friday that SK Hynix would not be holding any equity and would not be involved in management - an arrangement that was unlikely to raise regulatory red flags and would prevent leaks of key technology information.

Tags: ToshibaWestern Digital
Previous Post
Nokia 6 Smartphone Will be Available on Amazon
Next Post
Smart Switch App Lets you Move Everything from your Old Phone to a Newer Galaxy Device

Related Posts

  • Asustor AS5404T 4-Bay NAS System

  • Toshiba Storage Trends 2026

  • Toshiba launches S300 AI surveillance HDD for AI-driven video applications

  • Toshiba First in Industry to Verify 12-Disk Stacking Technology for Hard Drives

  • Toshiba Canvio Flex 2TB

  • Toshiba expands storage evaluation services in EMEA with new HDD Innovation Lab

  • Toshiba Unveils New Canvio Flex and Canvio Gaming 2.5” Portable Hard Drives

  • Toshiba Collaborates with PROMISE Technology on Providing the Optimal Data Storage Technology for CERN’s Large Hadron Collider

Latest News

Sharkoon announces SKILLER SGM25W
PC components

Sharkoon announces SKILLER SGM25W

ASUS Unveils ExpertBook B3 G2
Enterprise & IT

ASUS Unveils ExpertBook B3 G2

Conner Introduces the World's First "Pocket Cloud" via Kickstarter
Enterprise & IT

Conner Introduces the World's First "Pocket Cloud" via Kickstarter

Pioneer announces microSD for dashcam
Consumer Electronics

Pioneer announces microSD for dashcam

God of War Greek trilogy remake in development & God of War Sons of Sparta out now
Gaming

God of War Greek trilogy remake in development & God of War Sons of Sparta out now

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed