Fujitsu to sell HDD business to Western Digital?

Posted on Thursday, Oct 02 2008 @ 16:57 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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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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