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U.S. judge postpones decision in bid to block Toshiba memory unit sale

Reuters 

By Stephen Nellis(Reuters) - A U.S. judge did not reach a decision Friday in Western Digital Corp's bid to temporarily block Toshiba Corp from selling its flash memory business in an $18 billion deal but proposed requiring Toshiba to give Western Digital two weeks' notice before closing.Toshiba is scrambling to sell its flash memory unit to cover losses from its nuclear reactor business. In late June, Toshiba announced its preferred bidder was a group made up of Bain Capital, South Korean chip maker SK Hynix and Japanese-government backed banks that offered $18 billion.Western Digital, ...

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First Published: Sat, July 15 2017. 05:31 IST
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