Toshiba chip unit acquisition: Western Digital says it matched rivals’ bids

Toshiba

Latest News – Western Digital Corp said it matched rival bidders’ offers to acquire Japanese conglomerate Toshiba Corp’s flash memory unit ahead of a court hearing on Friday over whether to halt the auction process.

Western Digital, in court documents filed July 7, said it has made six proposals since February, including a proposal on June 27 matching the best offer. On June 21, Toshiba said its preferred bidder was a consortium of Bain Capital and Japanese government investors offering $18 billion.

Since February, Toshiba has been scrambling to sell its memory chip business, the second (Read More)

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