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|14th January 2009, 22:47||#1|
Toshiba sets sights on Fujitsu's HDD business
The deal between Western Digital and Fujitsu may be dead, but media reports from Japan indicate Toshiba and Fujitsu are in final talks for Toshiba to buy the Fujitsu hard disk drive unit for $333 to $444 million.
Toshiba is interested in acquiring Fujitsu's HDD manufacturing plants in Thailand and the Philippines, both companies said in a joint statement. Fujitsu's HDD business unit has struggled while competition between manufacturers in the United States, South Korea and Japan continues to increase -- Fujitsu spokespeople previously admitted losses will continue to grow if the company keeps its HDD business.
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