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Toshiba postpones sale of business on release of memory till July, 28th, at least


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 Toshiba postpones sale of business on release of memory till July, 28th, at least


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POSTER: computer news   ||    TOSHIBA POSTPONES SALE OF BUSINESS ON RELEASE OF MEMORY TILL JULY, 28TH, AT LEAST

DATE:2017-07-17

On Saturday, business publications Reuters and Bloomberg reported that the court of American jurisdiction, in which Western Digital Corporation filed a lawsuit to prohibit the sale of Toshiba Memory assets, recommended that the parties to the conflict find a common language until July 28  this year.  WDC took this decision as a victory, as it had additional time, and representatives of Toshiba tried to express doubt that the court of the American jurisdiction has grounds to influence the behavior of the company that is preparing the deal, which is being conducted "mainly in Japan."

Recall that SanDisk and Toshiba had a joint venture for the production of solid-state memory, and Western Digital is the assignee of the first of the companies, and this allows us to consider sweeps in a court of American jurisdiction.  However, WDC insured, and filed a lawsuit in international arbitration.  The American-Japanese consortium chosen as the preferred buyer planned to agree on the terms of the deal with Toshiba Memory this week, but now negotiations can drag on.  SK Hynix recently publicly admitted that it claims to receive a shareholding of Toshiba Memory.  The participation of Korean investors on such conditions is unnerving for the Japanese side, and therefore WDC's legal action may not be the only obstacle to the conclusion of a deal.

 


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 Toshiba postpones sale of business on release of memory till July, 28th, at least


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Related news:

The fate of Toshiba Memory can be solved to the next environment (2017-09-07)
In exchange for increasing the stake in the joint venture with Toshiba, Western Digital Corporation is ready to refuse to participate in the auction (2017-09-06)
By the end of the year Toshiba hopes to release a 14TB hard drive (2017-09-06)
The decision on the transaction between WDC and Toshiba can be made on August 31 (2017-08-27)
In pursuit of Toshiba Memory assets, Western Digital Corporation is ready to give up voting rights (2017-08-25)
Toshiba now hopes to sell the memory business of Western Digital Corporation (2017-08-23)
Toshiba introduced the smallest 512-GB SSD (2017-08-04)
Toshiba intends to expand memory production without WDC support (2017-08-04)
Toshiba promised in court in advance and in time to warn Western Digital about selling a business (2017-07-29)
Western Digital tries to find an approach to Toshiba through the Japanese authorities (2017-07-19)
Toshiba postpones sale of business on release of memory till July, 28th, at least (2017-07-17)
SK Hynix does not deny interest in buying a stake in Toshiba Memory (2017-07-13)
WDC six times bet in the bid for Toshiba Memory assets (2017-07-12)
Transaction on the sale of Toshiba Memory assets comes to a standstill (2017-07-08)
Toshiba requires Western Digital Corporation to recover damages of 1 billion (2017-06-29)
Toshiba Memory is unlikely to have time to negotiate with customers today (2017-06-28)
Western Digital and Foxconn still hope for a different outcome of the deal with Toshiba Memory (2017-06-27)
Toshiba continues to hope for a constructive dialogue with Western Digital (2017-06-25)
In the official list of Toshiba Memory buyers appear only American and Japanese investors (2017-06-22)
SK Hynix may be among the favorites of the bidding for the assets of Toshiba Memory (2017-06-21)

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