Western Digital Offers Compromise on Toshiba Memory Deal

Purchase price would likely remain around $18.3 billion with major Japanese banks providing financing.

By Jean Jacques Maleval | September 6, 2017 at 2:43 pm

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Western Digital offers compromise on Toshiba Memory deal
In lieu of direct contribution, US hard-drive maker seeks rights to more chips
Under the new proposal, other members of Western Digital’s consortium – mainly U.S. investment firm Kohlberg Kravis Roberts, the public-private Innovation Network Corp. of Japan and the government-backed Development Bank of Japan – would acquire Toshiba Memory. The purchase price would likely remain around 2 trillion yen ($18.3 billion), with major Japanese banks providing financing.