AAPL Stock: 110.78 ( + 0.4 )

Printed from

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



Login Here

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


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Polk Hinge Wireless headphones

Polk, a company well-established in the audio market, recently released a new set of headphones aimed at the lifestyle market. The Hin ...

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...


Most Commented