Fujitsu to sell HDD business to Western Digital?

Posted on Thursday, October 02 2008 @ 16:57:48 CEST by Thomas De Maesschalck

Japanese media reports Fujitsu is trying to sell its loss-making hard drive business to Western Digital. According to Nikkei, Fujitsu intends to sell all of its HDD fabs for between 70 billion yen and 100 billion yen (approx. $660 million to $944 million). The deal is expected to be finalized by the end of the year.

Western Digital is the second-largest hard disk drive maker in the world behind Seagate Technology. Fujitsu's HDD unit is ranked sixth.

Fujitsu would sell all of its plants--including those in Japan, Thailand, and the Philippines--for between 70 billion yen and 100 billion yen (approximately $660 million to $944 million), according to Japan's Nikkei news service.

This would be one of the largest business unit sell-offs for a Japanese electronics company, Nikkei said, adding that Fujitsu's hard disk drive business has been posting losses.

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Fujitsu to sell HDD business to Western Digital?