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Toshiba talking with Western Digital, Foxconn about chip unit sale: sources

The logo of Toshiba is seen as a shareholder arrives at Toshiba's extraordinary shareholders meeting in Chiba, Japan March 30, 2017.

Toshiba Corp (6502.T) told its creditor banks it is in talks with Western Digital Corp (WDC.O) and Taiwan's Foxconn over the $18 billion sale of its prized chip unit in addition to its preferred bidder, banking sources familiar with the matter said on Tuesday.

The crisis-wracked conglomerate later confirmed it was in talks with other suitors as it had not been able to reach an agreement by its self-imposed deadline of June 28. It did not name the...


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