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Toshiba set to pick Western Digital-led group for chip unit - Nikkan Kogyo

Reuters  |  Tokyo 

Tokyo (Reuters) - Japan's embattled Toshiba Corp is set to sell its memory chip unit to a consortium led by Western Digital Corp for about 2 trillion yen ($18.3 billion), the Nikkan Kogyo business daily said on Tuesday without citing sources. Toshiba plans to make a formal decision on Wednesday with the signing of an agreement to come on Sept. 20 after a board meeting on Sept. 20, the Nikkan Kogyo said.Sources have told Reuters Toshiba's board is due to meet on Wednesday to consider offers from three groups. One person with direct knowledge of the talks said negotiations between Toshiba and ...

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First Published: Tue, September 12 2017. 08:12 IST