Western Digital offers to exit Toshiba chip bid for better JV terms

Western Digital offers to exit Toshiba chip bid for better JV terms

FILE PHOTO: A Western Digital Corporation hard drive is pictured here in Encinitas, California April 19, 2011. REUTERS/Mike Blake/File Photo

Western Digital Corp has offered to drop out of a bid for Toshiba Corp’s lucrative semiconductor unit after their talks stalled, seeking instead a stronger position in the two companies’ chip joint venture, two sources said on Tuesday.

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