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Western Digital couldn't quit lucrative venture with Toshiba

Limits to stock transfers and technological access sealed the deal, CEO says

HIROMI SATO, Nikkei staff writer | Japan

PALO ALTO, U.S. -- The head of Western Digital, Toshiba's chipmaking partner, on Tuesday outlined the factors that helped the two sides resolve a dispute over the Japanese group's planned sale of its memory unit.

"The two companies have established appropriate protections for intellectual property to adapt to changing corporate ownership structures," CEO Steve Milligan said during a conference call. "In addition, we have put in place equity transfer restrictions" on Toshiba Memory, he added.

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