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Toshiba flips back towards Western Digital group for chip unit sale: sources

Toshiba flips back towards Western Digital group for chip unit sale: sources

Toshiba Corp is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp (WDC.O), people familiar with the deal said. California-based Western Digital made key concessions to assure Toshiba it would not seek future control of the chip business, addressing antitrust concerns, said the sources, who asked not to be named as the discussions are private. Toshiba board members are to meet Wednesday, but it was unclear whether they could reach a decision, after saying last Wednesday the company was accelerating talks with the Hynix group.


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