Toshiba and Western Digital Agree on Memory

Toshiba has settled its dispute with Western Digital over the sale of the Toshiba memory business and the companies will withdraw their lawsuits and this led to a small rise in Toshiba’s share price. The main barrier to a sale now is the reaction of antitrust authorities in China. If that does not stop the process, the sale is expected to go ahead to the consortium led by Bain Capital and including Apple and Dell as well as Seagate and SK Hynix. Toshiba and Bain are reported to have reached agreement over limiting the access to confidential information by Hynix and limit the sale of shares to Samsung.