Western Digital Could Buy Part of Flash Chip Business of Toshiba

To read this article from Nikkei Asian Review, click on:
Toshiba seeking investment in chip biz from Western Digital
Japanese company weighing business spinoff

Toshiba is considering spinning off semiconductor operations and selling a partial stake to Western Digital as it tries to cope with a massive impairment loss in its U.S. nuclear power unit.

But Toshiba will likely sell a roughly 20% interest for between 200 billion yen and 300 billion yen ($1.77 billion to $2.65 billion) while retaining a majority stake and keeping the new company in group earnings. The unit could consider stock-market listing in the future.