Aug 24 (Nikkei) - Toshiba and Western Digital are hashing out the terms for a sale of Toshiba Memory, eyeing a price tag of around 2 trillion yen ($18.2 billion) that would shore up the Japanese conglomerate's finances enough to maintain its stock market listing.
Toshiba directors decided Thursday to prioritize negotiations with a consortium including Western Digital as well as U.S. private-equity firm Kohlberg Kravis Roberts, the public-private Innovation Network Corp. of Japan and the state-backed Development Bank of Japan. The two sides aim to reach a deal within the month.