Toshiba may not seal a $17.5 billion deal to sell memory chip unit by a self-imposed Aug. 31 deadline

News Hour:

Toshiba Corp may not seal a $17.5 billion deal to sell its memory chip unit by a self-imposed Aug. 31 deadline due to disagreements over details of an offer by the bidders, people familiar with the matter said late on Tuesday.

Talks with a consortium led by Western Digital Corp were in final stages, with the head of the U.S. firm in Japan to hammer out details, the sources said, requesting anonymity because they were not authorized to speak with media, reports Reuters.

The two sides, however, could not yet agree on specifics such as how to limit Western Digital’s future stake in the business, they said, while adding the two sides would continue negotiating.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Sacred Games exposes Rajshri Deshpande nude [video]
Anurag Kashyap shoots Kubra Saith 7 times nude and made her cry for frontal nudity scene [Video]
New Viber feature lets you create your own custom stickers
SINGER Furniture offers up to 60% discount in Bangladesh
Chinese, Russian visitor surge push Dubai toward 20 million target
Daewoo to conduct 3D survey in Bay of Bengal to explore gas

Advertisement

News of the Month

Scroll Up
%d bloggers like this: