Western Digital dispute with Toshiba heads for arbitration
Western Digital is seeking arbitration, demanding that its consent has to be taken before Toshiba can go ahead with plans to sell a stake in its memory business to raise funds.
The storage technology company acquired SanDisk last year and has been rumored to be a bidder for a stake in the Toshiba memory business, which has reportedly attracted a large number of other bidders including Apple and Foxconn Technology. SanDisk has been a long-term partner of Toshiba, with the two companies collaborating in the fabrication of nonvolatile memories, but is not seen as a front-runner in the auction.
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