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Toshiba in talks to buy Fujitsu's HDD business

Toshiba in talks to buy Fujitsu's HDD business

Japanese high-tech giant Toshiba Corp. is in talks to buy rival Fujitsu Ltd.'s loss-making hard disk drive business, a company spokesman said yesterday.
If they reach a deal, Toshiba would become the world's largest supplier of small hard disk drives, which are seeing growing demand for use in laptops, video recorders and car navigation systems.
"It is true that we are holding talks with Fujitsu on purchasing its hard disk business," Toshiba spokesman Keisuke Ohmori said, adding that nothing had been decided yet.
A Fujitsu spokesman said the company was talking with several companies about its HDD business.
The Nikkei business daily estimated the value of the potential deal at 30-40 billion yen (US$340-450 million). A deal could be announced at the end of January and completed by around April, it said.
Fujitsu has been trying to focus on core growth areas. In 2007 it announced it would end production of plasma televisions, a technology the company was the first in the world to sell, as competition had grown fierce.


Updated : 2021-03-07 14:29 GMT+08:00