(Reuters) – Toshiba Corp (T:) and Western Digital Corp (O:) are said to be close to settling their legal dispute, Bloomberg reported on Thursday.
Under an agreement, Western Digital will drop efforts to block the Japanese company’s $ 18 billion sale of its flash-memory business in exchange for the extension of their joint venture agreements, Bloomberg reported, citing people familiar with the matter. https://bloom.bg/2zThOYu
Western Digital and Toshiba were not immediately available for comment.
Western Digital in October had rejected demands from Toshiba Corp to drop a set of legal rights that would allow the U.S. company to block Toshiba’s $ 18 billion sale of its memory chip unit to SK Hynix (KS:)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.