Home / news / Toshiba in talks to sell chip business stake to Western Digital

Toshiba in talks to sell chip business stake to Western Digital

collected by :Rechard Bernard

follow the latest news of” market news” from different sites to most famous technicals / by 2017-01-19 at 3:18

As it stated in

Toshiba considers selling stake in its semiconductor business to Western Digital

Toshiba considers selling stake in its semiconductor business to Western Digital*/

– (Reuters) — Toshiba Corp is looking to sell a minority stake in its core semiconductor business to Western Digital Corp, a source said, in a bid to dull the blow from a looming multi-billion-dollar writedown on a U.S. nuclear acquisition.The laptops-to-engineering conglomerate, still recovering from a $1.3 billion accounting scandal, shocked investors last month by announcing cost overruns at a U.S. nuclear business it bought in 2015 which could now mean a charge against profit topping $4 billion.Toshiba does not have many options to offset the impact of this writedown that could wipe out its shareholders’ equity.
.

read more from here

Toshiba may sell chip business stake to Western Digital – Toshiba Corp. ADR (OTCMKTS:TOSYY)

Toshiba may sell chip business stake to Western Digital - Toshiba Corp. ADR (OTCMKTS:TOSYY)*/

– Looking to boost its capital base, Toshiba (OTCPK:TOSYY) is in talks to sell a minority stake of its flash memory business to Western Digital (NYSE:WDC) following a $1.3B accounting scandal and looming multi-billion-dollar writedown.The company had been considering various options for its core semiconductor unit, including a spinoff, but nothing concrete has yet been decided.
.

read more from here

Toshiba to consider spin-off of chip-making business stake to Western Digital

Toshiba to consider spin-off of chip-making business stake to Western Digital*/

– 5 SOCIAL BUZZ WhatsappTOSHIBA, one of Japan’s biggest multinational conglomerate corporations, is reportedly in talks with Western Digital Corp. to spin off its semiconductor business assets at a roughly 20 percent stake, which will cost the latter up to US$2.7 billion.According to the Asian Nikkei Review, which cited sources familiar with the matter, there are some U.S. investment funds that have also expressed interest in Toshiba’s stake.In a statement, Toshiba said it had indeed been considering several options, including a spin-off, but has not confirmed any decisions.
.

read more from here

Toshiba in talks to sell chip business stake to Western Digital

Toshiba in talks to sell chip business stake to Western Digital*/

– Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo September 14, 2015.REUTERS/Toru Hanai/File PhotoTOKYO (Reuters) – Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday.Toshiba said in a statement earlier that it had been considering various options for its memory business, including a spin-off, but that nothing concrete had been decided.
.

read more from here

read more
visit us
news

Check Also

cheap stocks

Cheap stocks and its trading in financial markets

Cheap stocks, also known as Cent stocks, are ordinary shares of small public companies traded …