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WD will swap a few HDD assets with Toshiba, edges closer to Hitachi GST merger

Western Digital to trade HDD assets with Toshiba

| Business, Financial & Legal News | Posted: Mar 1, 2012 4:29 am

Western Digital has just announced they've reached an agreement with Toshiba Corporation to divest certain hard drive manufacturing assets in order to meet the requirements of regulatory agencies reviewing the company's close-but-not-quite-there acquisition of Hitachi Global Storage Technologies (Hitachi GST).

 

TweakTown image news/2/2/22827_06_wd_will_swap_a_few_hdd_assets_with_toshiba_edges_closer_to_hitachi_gst_merger.jpg

 

Within the deal itself, Toshiba will acquire manufacturing and released IP from WD for 3.5-inch hard drives, as well as the firm's near-line storage unit for server application use. WD has also announced they've agreed, subject to completion of the divestiture transaction, to purchase Toshiba Storage Device Thailand (TSDT), a hard drive manufacturing facility that has not resumed operations since the 2011 Thailand floods.

 

WD plan to slide TSDT facilities and employees into existing operations in Thailand. Financially, nothing is known from these agreements, yet.

NEWS SOURCE
Techspot.com

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