Breaking News

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported ASUS Announces ExpertCenter P500 SFF Lexar Launches the NM990 PCIe 5.0 SSD DJI Agras T100, T70P and T25P Launches Globally Sony Introduces the RX1R III

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

Western Digital Raises its Offer For Toshiba's Memory Business: report

Western Digital Raises its Offer For Toshiba's Memory Business: report

Enterprise & IT May 24,2017 0

The chief executives of Toshiba and U.S. chipmaking partner Western Digital agreed Wednesday to discuss the Japanese conglomerate's sale of a majority stake in its flash memory unit, which Western Digital has opposed selling to any buyer but itself.

Toshiba President Satoshi Tsunakawa and Western Digital CEO Steve Milligan met in Tokyo Wednesday afternoon.

Both sides appear to have moved to end the standoff over the sale in the interest of preserving their joint production arrangement in Japan.

Western Digital has offered to buy Toshiba Memory, which was recently spun off from the Japanese parent, but its initial bid is lower than others at this point. Toshiba has sought at least 2 trillion yen ($17.8 billion) from the sale.

Last week, Western Digital said it formally requested an arbitration with Toshiba through the International Chamber of Commerce which could complicate or delay Toshiba's plan to sell the unit. The U.S. company maintains that Toshiba doesn't have the right to sell its stake in the joint venture between the two companies to a third party without Western Digital's consent and wants exclusive negotiating rights to the buy the business.

However, Western Digital seems to have already increased its offer for Toshiba's semiconductor business, offering nearly $17.8 billion, according to a report Wednesday by the Japan Times.

Such a bid would represent a sizeable increase from the roughly $14 billion Western Digital reportedly offered previously and would be in the ballpark of what other suitors, including Broadcom, SK Hynix and the combination of private equity firm Kohlberg Kravis Roberts (KKR) with Innovation Network Corp. of Japan (INCJ) are thought to have offered.

Hon Hai Precision Co. reportedly offered as much as $27 billion to acquire Toshiba's chip unit.

Tags: Western DigitalToshiba
Previous Post
Samsung Wants to Lead the Foundry Race With Process Roadmap Down to 4nm
Next Post
Sony Releases Second-Generation Generation of Digital Paper

Related Posts

  • 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

  • Toshiba Announces 24TB CMR and 28TB SMR Enterprise Hard Disk Drives

  • Toshiba Canvio Flex 4TB

  • Toshiba Canvio Basics 1TB

  • Toshiba’s next-generation S300 Pro Surveillance HDDs for large-scale video surveillance systems

Latest News

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported
Enterprise & IT

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported

ASUS Announces ExpertCenter P500 SFF
Enterprise & IT

ASUS Announces ExpertCenter P500 SFF

Lexar Launches the NM990 PCIe 5.0 SSD
PC components

Lexar Launches the NM990 PCIe 5.0 SSD

DJI Agras T100, T70P and T25P Launches Globally
Drones

DJI Agras T100, T70P and T25P Launches Globally

Sony Introduces the RX1R III
Cameras

Sony Introduces the RX1R III

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

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