Decision on Western Digital’s Bid to Block Toshiba Memory Unit Sale Postponed

August 19, 2017

A US judge did not reach a decision Friday in Western Digital’s bid to temporarily block Toshiba 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…

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