Deals
Western Digital Seeks Injunction to Block Toshiba Chip Sale
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Western Digital Seeks to Block Toshiba Chip Sale
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Western Digital Corp. asked a court in California for an order blocking the sale of the chip unit of Toshiba Corp., its partner in a manufacturing joint venture.
The U.S. company is trying to stop Toshiba from transferring joint ventures that they have together in preparation for a sale, it said in a statement Wednesday. Western Digital on Wednesday asked a San Francisco state court to keep the sale on hold while it pursues arbitration.