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Toshiba asks Western Digital again to drop challenge to Toshiba's chip business sale
June 7, 2017 / 9:39 AM / in 4 months

Toshiba asks Western Digital again to drop challenge to Toshiba's chip business sale

FILE PHOTO: The logo of Toshiba Corp is seen behind a traffic light at the company's headquarters in Tokyo, Japan March 29, 2017. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) - Toshiba Corp on Wednesday asked Western Digital Corp once again to stop challenging the Japanese conglomerate’s plans to sell its chip business.

“Toshiba encourages Western Digital to redirect the considerable efforts that it has put into disrupting Toshiba’s sale process into more productive channels that benefit both Toshiba and SanDisk,” Toshiba lawyers said in a letter dated June 7.

SanDisk, which was acquired by Western Digital last year, owns a 49.9 percent stake in a joint venture with Toshiba.

Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman

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