Deal made, peace pipe to be smoked
Toshiba and Western Digital have agreed in principle to settle a dispute over the Japanese firm’s plans to sell its $18 billion chip unit and aim to have a final agreement in place next week.
Phew, that was close
Troubled Japanese giant Toshiba will have an injection of funds which may help it get over its Westinghouse infection.
No one appears interested
Toshiba has said that it has not entered into talks with any company to sell its personal computer business, denying media reports that it was in negotiations to sell the unit to Taiwan’s Asustek.
Lend us a fiver until payday?
Toshiba is still desperate for cash to avoid a possible delisting and is considering raising $5.3 billion by offering new shares in a third-party allotment.
Unfortunately, thanks to the bit it wants to sell
Toshiba reported a 76 percent jump in second quarter operating profit on thanks to strong performance from its memory chip unit.
Not sure about this nuclear claim
It seems that Toshiba can’t get a break. Japan’s securities watchdog is investigating its latest earnings statement to see if it properly handled losses incurred by its US nuclear unit.
Based on 3D TLC NAND and TC58NC1010 controller
Toshiba has unveiled its new TR200 SSD series which comes in 240GB, 480GB and 960GB capacities and is based on 64-layer BiCS3 3D TLC NAND and the TC58NC1010 controller.
18.9 billion price tag
Toshiba’s board has finally flogged its Nand flash memory chip unit to an international consortium led by the US private equity group Bain Capital in a $18.9 billion deal designed to rescue the Japanese conglomerate from delisting.
Considering its options
Western Digital has said that it is considering its options as Toshiba indicated it favoured a group of investors led by Bain Capital to buy the world’s second largest manufacturer of flash memory chips.
Price of sale goes up to $22.3 billion
It is starting to look like Toshiba might collect more money from the sale of its memory chip business than it expected.