 "Toshiba deal")
Toshiba has cleared one of the last remaining hurdles to a planned sale of its microchip subsidiary and moved a step away from the financial brink.
The struggling Japanese conglomerate said Wednesday that it had settled a legal dispute with Western Digital, the American data storage company, that threatened to block the microchip deal. Toshiba is counting on the sale to bring in about $14 billion in much-needed cash after its losses on nuclear power projects in the United States left its finances in tatters.
Toshiba and Western Digital said Wednesday that they had agreed to withdraw a
The struggling Japanese conglomerate said Wednesday that it had settled a legal dispute with Western Digital, the American data storage company, that threatened to block the microchip deal. Toshiba is counting on the sale to bring in about $14 billion in much-needed cash after its losses on nuclear power projects in the United States left its finances in tatters.
Toshiba and Western Digital said Wednesday that they had agreed to withdraw a
