Less than the $18 billion Tosh wanted
A consortium that includes Western Digital is offering $17.4 billion for Toshiba's memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its US nuclear business, sources said this morning
Please buy our memory making business
Troubled Toshiba Corp has said that it is prioritising talks with Western Digital to sell its memory chip business.
Temporary court order issued
Western Digital won a temporary US court order on Tuesday saying that Toshiba must allow Western Digital's employees to access databases and chip samples as part of a joint venture around flash memory chip plants in Japan.
We matched rival's bids
Western Digital said it matched rival bidders' offers to acquire Japanese conglomerate Toshiba's flash memory unit which implies that Tosh was doing its best not to sell the until to its partner.
No-one caught the bus
Controversial chip designer Rambus is trying to sell itself off.
Trouble at mill
Toshiba has had to push back its timeline to clinch a sale of its flash memory chip unit, saying the $18 billion deal was being held up due to differences of opinion within the consortium chosen as preferred bidder.
Auction might be scuppered.
Western Digital is going for a court injunction to prevent Toshiba from flogging its chip business without the U.S. firm's consent in a move that might scupper the auction.
Still fighting for a load of old Tosh
Western Digital may join a consortium of Japanese government money and KKR & Co LP to bid for Toshiba's chip unit.
Stay out of the sale of chip sale
Toshiba has told Western Digital not to interfere with the sale of its prized chip unit, disputing claims by the US outfit that it had breached a joint venture contract.