Western Digital CEO apologises for hurting Toshiba’s feelings with lawsuit
Tokyo — Western Digital’s CEO has apologised to his counterpart at Toshiba for strained ties after the US firm sued to keep their chip joint venture from being sold to rival bidders, according to an August 11 letter. The embattled Japanese conglomerate has put its chip unit, worth between $17bn and $18bn, up for sale as it scrambles to cover liabilities at its bankrupt US nuclear unit. Relations between Western Digital and its chips partner quickly frayed, however, as Toshiba entertained other bids. It was not immediately clear what impact the letter had on relations between the two firms, but in mid-August they agreed to try to overcome their dispute and enter into serious discussions. They failed to clinch a deal by end-August as planned, however, and Toshiba said on Thursday that it would continue to talk to the Western Digital consortium as well as two other suitors — groups led by Bain Capital and by Taiwan’s Foxconn. "I am not a litigious person by nature. Personally, I have n...
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