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Toshiba mulls memory bids with its back against the wall

Impasse with Western Digital brings other suitors back into the game

Toshiba and chipmaking partner Western Digital are struggling to hash out a deal for Toshiba's flash memory arm. (Photo by Takuya Imai)

TOKYO Toshiba's end-of-August deadline to unload its flash memory unit came and went with no deal, as negotiations with U.S. business partner Western Digital hit a wall. With time running short, the Japanese conglomerate is again considering other offers as well.

Toshiba President Satoshi Tsunakawa had been saying since mid-August that the company would focus on a consortium including Western Digital, U.S. private equity firm Kohlberg Kravis Roberts, the public-private Innovation Network Corp. of Japan and the government-backed Development Bank of Japan. The plan was to grant exclusive negotiating rights as early as Aug. 31, with a deal to be signed around mid-September.

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