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TOKYO: Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange
SAN FRANCISCO: Toshiba Corp and Western Digital Corp are close to settling their legal dispute under an agreement that the US company will drop efforts to block Toshiba’s US$18bil sale of its flash-memory business in exchange for the extension of their joint venture agreements, according to people familiar with the matter.
TOKYO: Western Digital Corp plans to raise its offer for Toshiba Corp’s prized semiconductor unit to US$18bil or more, a person familiar with the matter said, in a last-ditch effort to clinch a deal both companies consider vital.
TOKYO: Toshiba Corp has told Western Digital Corp not to interfere in the sale of its prized chip unit, rejecting claims it has breached a joint venture contract and threatening legal action.
NEW YORK: Western Digital Corp won a temporary U.S. court order on Tuesday saying that Toshiba Corp must allow Western Digital's employees to access databases and chip samples as part of a joint venture with Toshiba around flash memory chip plants in Japan.
TOKYO: Toshiba Corp wants its U.S nuclear unit to file for Chapter 11 protection from creditors as early as Tuesday, according to a source with direct knowledge of the matter, seeking a quick ringfencing of losses before the Japanese parent's financial year ends.
TOKYO: Toshiba Corp and Western Digital Corp have agreed in principle to settle their legal dispute over the US$18bil sale of Toshiba’s flash-memory business with a formal announcement expected within the next 24 hours, according to sources.
TOKYO: Toshiba Corp posted a wider-than-forecast operating loss after the troubled electronics conglomerate wrote down the value of its Westinghouse power unit.