toggle

AAPL Stock: 114.64 ( -3.8 )

Printed from http://www.macnn.com

Toshiba in talks to buy Fujitsu hard drive ops

updated 03:25 pm EST, Wed January 14, 2009

Toshiba Fujitsu HDD Talks

Toshiba on Wednesday revealed (reg. required) that talks are currently underway to investigate buying Fujitsu's hard drive business in a deal estimated to be worth roughly $448.8 million. No details have been revealed, but Fujitsu itself has acknowledged the talks and says that Toshiba is one of "several" candidates for a possible deal, which in the past have also included Western Digital.

Fujitsu is said eager to strike a deal as a solution to offloading the storage business, which is poised to lose as much as $112 million when the company's latest fiscal year is over.

An acquisition would give Toshiba a lead in 2.5-inch notebook hard drives, as both companies are already two of the largest in the field. The two have little to no influence over desktop-sized, 3.5-inch hard drives, which are often led by Hitachi, Seagate and Western Digital.




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented