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Western Digital has insisted on majority ownership of Toshiba's memory unit.   © Reuters

Public-private fund mulls Toshiba chip bid with Western Digital

INCJ, Tokyo seek compromise as Toshiba partner refuses to budge

| Japan

TOKYO -- The Innovation Network Corp. of Japan will enter into negotiations with Western Digital on partnering to purchase Toshiba's memory unit, though preliminary talks suggest that they have a wide gap to bridge.

The Japanese public-private fund's Innovation Network Committee will meet Tuesday to examine the state of the Toshiba Memory sale. The INCJ hopes to sort out any potential investment by around mid-June, before Toshiba's general shareholders meeting late that month.

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