Western Digital CEO in Japan to finalize Toshiba chip deal: source

Reuters News
Posted: Aug 27, 2017 11:20 PM

TOKYO (Reuters) - Western Digital Corp's <WDC.O> chief executive is in Tokyo to finalize an agreement to buy Toshiba Corp's <6502.T> memory chip business, ending months of dispute over the auction, a person familiar with the matter told Reuters on Monday.

Western Digital, U.S. private equity firm KKR & Co <KKR.N> and Japanese government investors together aim to announce a deal with Toshiba by Aug. 31 when Toshiba's board meets, separate people said.

(Reporting by Makiko Yamazaki)