Tech content trusted by users in North America and around the world
6,802 Reviews & Articles | 46,991 News Posts
Make us an awesome TweakTown wallpaper, win a Corsair Hydro H110i GT

WD® Completes Divestiture Of Assets To Toshiba Corporation

Posted: May 16, 2012 5:11 am | Business, Financial & Legal Press Releases

Western Digital Corp. (NYSE: WDC) today announced that it has completed its divestiture of certain 3.5-inch hard drive assets to Toshiba Corporation, as required by regulatory agencies that conditionally approved the company's completed acquisition of Viviti Technologies Ltd. (formerly Hitachi Global Storage Technologies).




The assets will enable Toshiba to manufacture and sell 3.5-inch hard drives for the desktop and consumer electronics markets and will enhance its ability to manufacture and sell 3.5-inch hard drives for near-line (business critical) applications.


As part of its deal with Toshiba, WD® also completed its purchase of Toshiba Storage Device (Thailand) Company Limited (TSDT), which manufactured hard drives prior to the recent Thailand flooding. The principal assets of TSDT are its Thailand property, facilities and employees, which WD plans to integrate into its Thailand operations. The financial terms of the two agreements were not disclosed.

Related Tags

Got an opinion? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases