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Sunday, January 22, 2017

Toshiba May Sell Additional NAND Stake To Western Digital

#Toshiba is in talks to sell a stake in its memory business to #WesternDigital. Toshiba is also studying the possibility of splitting this business off as a separate business unit. The company has said that it is considering several options for its memory business but nothing concrete has been decided yet. Toshiba and Western Digital have a joint investment in a #NAND flash manufacturing plant in Yokkaichi in Mie prefecture in Japan. Western Digital acquired this stake through its acquisition of #SanDisk last year. Rumors are that Toshiba may sell a 20% interest in its share of the memory business to Western Digital (and possibily other investors) and that Toshiba would remain a majority stakeholder in the resulting venture.

http://www.forbes.com/sites/tomcoughlin/2017/01/19/toshiba-may-sell-additional-nand-stake-to-western-digital/#4846a93355a0

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