Toshiba says Western Digital overstating rights over chip business

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Toshiba says Western Digital overstating rights over chip businessToshiba Corp said its business partner Western Digital Corp (WDC.O) had been “persistently” overstating its rights over a memory chip unit that the Japanese firm is looking to offload, showing the two remain at loggerheads over the $18 billion sale. The statement from the embattled Japanese conglomerate comes a day after it said it was stepping up talks to sell the unit to a group led by Bain Capital and South Korean chipmaker SK Hynix . “Toshiba regrets that Western Digital persistently overstates its limited consent rights in public statements,” the Japanese company said in a statement, referring to the U.S. firm’s claim that its consent was required for a sale as it had invested in Toshiba’s semiconductor plant.

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