ToshibaCorp(6502.T)haschosenaconsortiumofJapanesegovernmentinvestorsandBainCapitalasthepreferredbidderforitschipbusiness,aimingtosealadealworthsome$18billionbyn
A Japanese government-led consortium has told Toshiba Corp it needs to resolve its legal dispute with Western Digital Corp before it will invest in the firm's chip unit, sources briefed on the matter said.
AJapanesegovernment-ledconsortiumhastoldToshibaCorpitneedstoresolveitslegaldisputewithWesternDigitalCorpbeforeitwillinvestinthefirm'schipunit,sourcesbriefedonth
Western Digital Corp (WDC.O) plans to raise its offer for Toshiba Corp's (6502.T) prized semiconductor unit to 2 trillion yen ($18 billion) or more, a person familiar with the matter said, marking a last-ditch effort to clinch a deal that both companies consider vital.
WesternDigitalCorp(WDC.O)planstoraiseitsofferforToshibaCorp's(6502.T)prizedsemiconductorunitto2trillionyen($18billion)ormore,apersonfamiliarwiththemattersaid,ma
StrugglingelectronicsmakerToshibaplanstoselloffitschipbusiness.ThedeadlineforthesecondroundofbiddingisonFriday,butthesalefacesanumberofuncertainties.AJapan-USco
WesternDigitalCorp(WDC.O)hassoughtinternationalarbitrationtostoppartnerToshibaCorp(6502.T)fromsellingitschipsarmwithoutitsconsent,potentiallyderailingamuch-need
Toshiba shares dived more than 25 percent Thursday, their third straight double-digit plunge, following the company's warning of a possible one-time loss of several billion dollars over its US nuclear business.
Japan's massive government pension fund confirmed Thursday that it has sued the crisis-hit Toshiba Corp. for around 960 million yen (9.1 million dollars) in damages over an accounting scandal that brought down the electronics giant' s share price.
Scandal-plagued Toshiba Corp. on Monday unveiled wholesale restructuring plans in an aggressive move to return the ailing electronics firm to profitability which will include some 7,800 jobs being slashed from its workforce.
Struggling Toshiba Corp. decided it will pull out of the TV production business, a division that has been accumulating losses for many years, as part of its streamlining efforts, sources said.
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