Technology content trusted by users in North America and around the world.
4,952 Articles | 29,868 Posts
Select Your Edition:  
Tweakipedia
A wealth of
tech information!

TRENDING NOW: Sony teases first look at PlayStation 4 hardware, says it will be shown at E3
USA EditionYou are located: Home > All Press Releases > Business, Financial & Legal Press Releases > WD® Completes Divestiture Of Assets To Toshiba Corporation

WD® Completes Divestiture Of Assets To Toshiba Corporation

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

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).

 

wd_completes_divestiture_of_assets_to_toshiba_corporation

 

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


Further Reading: Read and find more Business, Financial & Legal press releases at our Business, Financial & Legal PR index page.

TweakTown RSS FeedDo you get our RSS feed? Get It!

Post a Comment about this press release



Check out our
RSS feeds!
  • Upcoming Content: PQI Air Card 4GB Wi-Fi SDHC Review
  • Upcoming Content: LaCie CloudBox 1TB Personal NAS Review
  • Upcoming Content: Star Trek: The Next Generation - Season Three (1989) Blu-ray Review
  • Upcoming Content: The Hobbit: An Unexpected Journey (2012) Blu-ray Movie Review
  • Upcoming Content: Whatever happened to Comodo Time Machine?
  • Upcoming Content: SuperSpeed RamDisk Plus 11 Software Review
  • Upcoming Content: HP Envy TouchSmart 4 Touchscreen Ultrabook Laptop Review
  • Upcoming Content: MSI Radeon HD 7790 1GB OC Overclocked Video Card Review
  • Upcoming Content: ADATA DashDrive Elite UE700 USB 3.0 Flash Drive Review
  • Upcoming Content: Kingston DT Workspace 64GB 'Windows To Go' USB 3.0 Flash Drive Review
  • Upcoming Content: Lexar Professional 128GB Compact Flash Memory Card Review
  • Upcoming Content: MyDigitalSSD BP4 240GB mSATA Review


Business, Financial & Legal News Posts

View More Business, Financial & Legal News Posts


TweakTown Web Poll

Question: What new stuff are you most excited to see at Computex Taipei 2013?

Cases, Coolers & PSU’s

CPU's

Gadgets

GPU's & Video Cards

Keyboards & Mice

Laptops, Tablets & Phones

Motherboards & Chipsets

New Tech

SSD's & Memory

Booth Babes

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Business, Financial & Legal Press Releases

View More Business, Financial & Legal Press Releases