Western Digital would consider Japan partners for Toshiba chip unit bid | Reuters

Western Digital would consider Japan partners for Toshiba chip unit bid | Reuters

Western Digital would consider Japan partners for Toshiba chip unit bid | Reuters

Western Digital Corp (WDC.O), the U.S. partner of Toshiba Corp (6502.T) in a semiconductor venture, is in talks with Japanese government-backed investors and would consider a joint bid with them for the chip business, a senior official said on Thursday.”We want to find a way to ensure we are aligned with INCJ and DBJ,” Mark Long, chief financial officer, told Reuters in an interview, referring to state-backed fund Innovation Network Corp of Japan (INCJ) and the Development Bank of Japan (DBJ).Asked whether a joint bid was possible, Long said, ”It could be.”Teaming up the government-backed players would give Western Digital a big advantage as it would represent a government stamp of approval.

Källa: Western Digital would consider Japan partners for Toshiba chip unit bid | Reuters

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