Deal Between Western Digital and Toshiba is Near

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Western Digital Jumps On Report That Deal With Toshiba Is Near
Western Digital shares rose Tuesday, following a report from a Japanese newspaper late Monday saying the company is in active discussions to settle a dispute with Toshiba about their joint venture in a chip-manufacturing plant. A report from Japanese newspaper Yomiuri Shimbun said the two companies were striving to reach an agreement by the end of this month over the control of Toshiba’s portion of the joint venture with Western Digital.