Toshiba reached an agreement with Bain Capital this month that will sell its chip business to the latter for US$17.2 billion. The deal was met with the opposition of its partner, Western Digital, which has applied to the international president’s court for an injunction, claiming that Toshiba needs to obtain its consent to sell the chip business.
In this regard, the buyer Bain Capital could not sit still. Its managing director, David Gross-Loh, stated that Western Digital’s insistence on prosecution may result in the purchase of flash chips.
However, Western Digital still ignored this, according to Reuters, Western Digital CEO Steve Milligan said in the first fiscal quarter earnings analysts conference call, Western Digital will not agree Toshiba sell chip business, and they will not participate in Toshiba's so-called Fab6 Chip factory investment.
Steve Milligan said: "We cannot accept the terms of agreeing to chip transactions in exchange for investment rights."
It seems that Western Digital's attitude is very resolute. Next, we will see how Toshiba responds. We will continue to pay attention.
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