ALSO READWestern Digital CFO: Would consider bid with INCJ, DBJ for Toshiba chip unit EXCLUSIVE: Toshiba seeks chips buyer June 15, blasts bidder Western Digital Western Digital would consider Japan partners for Toshiba chip unit bid Toshiba asks Western Digital again to drop challenge to Toshiba's chip business sale At last minute, Western Digital resubmits bid for Toshiba chip unit
Toshiba is scrambling to sell its flash memory unit to cover losses from its nuclear reactor business. Western Digital, one of the bidders, sued Toshiba in San Francisco County Superior Court in mid-June, saying it believed a joint venture with Toshiba means Toshiba needs its consent to sell the flash business.
Judge Harold Kahn heard arguments from both sides in a hearing but did not give a ruling. A new hearing was set for July 28.
(Reporting by Stephen Nellis; Editing by Leslie Adler)
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