August 29, 2017 / 3:18 PM / a year ago

Toshiba may not finalise chip unit sale by Aug. 31 deadline -sources

TOKYO, Aug 29 (Reuters) - Toshiba Corp may not seal a $17.5 billion deal to sell its memory chip unit by a self-imposed Aug. 31 deadline due to disagreements over details of an offer by the bidders, people familiar with the matter said late on Tuesday.

Talks with a consortium led by Western Digital Corp were in final stages, with the head of the U.S. firm in Japan to hammer out details, the sources said, requesting anonymity because they were not authorised to speak with media.

The two sides, however, could not yet agree on specifics such as how to limit Western Digital’s future stake in the business, they said, while adding the two sides would continue negotiating. (Reporting by Taro Fuse and Makiko Yamazaki; Writing by Ritsuko Ando; Editing by Mark Potter)

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