Last year, Toshiba made a major investment in the U.S. nuclear power sector, which ended up causing significant financial losses. To address this gap, the company has now decided to sell its chip business. After nine months of intense negotiations, Toshiba has finally reached an agreement with a consortium led by Bain Capital, which includes major players like Apple, Dell, and Hynix.
According to a report from *Nikkei Shimbun*, Toshiba recently held a shareholders' meeting where the deal was unanimously approved at a price of 2 trillion yen (approximately $17.5 billion). While the vote went smoothly, the completion of the transaction is still uncertain. The deal must be finalized by March next year, or Toshiba could face the risk of being delisted from the stock exchange.
Meanwhile, Western Digital, one of Toshiba’s former partners, has filed an arbitration request with the International Chamber of Commerce. It claims that the sale of the chip business violates their existing partnership agreement and demands that the transaction be halted. This adds another layer of complexity to the deal.
In addition to Western Digital's legal challenge, the transaction will also need to pass through antitrust reviews in multiple markets, which could take several months. For Toshiba, the pressure is mounting as it tries to meet the deadline. The coming months will be crucial for the company’s future, as the success of this deal could determine whether it remains a major player in the global tech industry or faces further decline.
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