Western Digital and Foxconn still hope for a different outcome of the deal with Toshiba Memory

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POSTER: computer news   ||    WESTERN DIGITAL AND FOXCONN STILL HOPE FOR A DIFFERENT OUTCOME OF THE DEAL WITH TOSHIBA MEMORY	DATE:2017-06-27
As you know, the American corporation Western Digital protests against the announced conditions for Toshiba Memory assets sale  , which contradict its interests.  According to Reuters , the Japanese side, at the stage of choosing the buyer, dismissed WDC's offer because it did not suit the price and intentions of the American hard disk manufacturer to get the right to vote when making decisions.  The deal with the US-Japan consortium, in which SK Hynix appears as a pale shadow, gives the Japanese government more control over the assets of Toshiba Memory.  The investment fund INCJ will have to shell out just $ 2.7 billion to get a majority of votes on the Toshiba Memory board, while other investors will pay the remaining $ 15.3 billion, but will be content with a minority of votes.  Moreover, SK Hynix in general will be deprived of the right to vote, and this is one of the main conditions that allow to speed up the transaction approval  . Western Digital claims that the presence of SK Hynix in the list of buyers even on such terms causes the risk of technology leakage.  Moreover, the Koreans were once found guilty of misusing the intellectual property of Toshiba - in 2014, the Korean company paid the Japanese $ 278 million after the defeat in court.  The parties are still trying to agree, but representatives of Toshiba tend to believe that until June 28, nothing will change. Interestingly, the head of Foxconn is not losing optimism either.  As reported by the resource DigiTimes , Terry Gou  assesses his own chances to participate in the acquisition of Toshiba Memory assets in 50%.  According to him, it was already necessary to compete with the INCJ of the Taiwanese company in the fight for Sharp's assets, and then the decisive was the promise of Foxconn to assume all the debts of the Japanese corporation, while the Japanese investment fund intended to transfer them to the category of hopeless, and then partially write off.  The connection with the Chinese government head Foxconn in every way denies, trying to win the location of Toshiba. Related Products :

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