Japan's Toshiba, Western Digital close to settling legal dispute over chip unit sale

Japan's Toshiba, Western Digital close to settling legal dispute over chip unit sale

Toshiba logo (visual from the MBT website -Shohei Miyano/Reuters)

Toshiba Corp. and Western Digital Corp. are close to settling their legal dispute under an agreement that the U.S. company will drop efforts to block Toshiba’s $18 billion sale of its flash-memory business in exchange for the extension of their joint venture agreements, according to people familiar with the matter.

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