Western Digital Seeks To Intervene In Toshiba's Sale Of Memory Business

Western Digital, through its SanDisk subsidiary, is seeking arbitration to prevent Toshiba from selling off its stake in their flash memory joint venture without the consent of Western Digital. Toshiba has been suffering financially due to crippling losses incurred by its nuclear power division, and to offset those losses Toshiba has been working to sell off its memory business. Toshiba's memory business is one of the most successful parts of the company and the Toshiba-SanDisk flash memory joint venture is one of the four major manufacturers of NAND flash memory.