Some time has passed and Bloomberg reports both companies are close to reaching a deal. The news agency picked up rumors that Western Digital will drop its legal efforts to block the sale in exchange for a new deal that involves guaranteed supply of new-generation flash chips:
Western Digital plans to end arbitration claims in the U.S. to stop Toshiba from selling the chip business to a consortium led by Bain Capital as part of the settlement, said the people, asking not to be identified because the matter is private. The U.S. company would get guaranteed supply of newer chips from a more advanced plant in Japan being built by Toshiba that it will invest in. The two sides still have to work out several key details and it’s possible a final deal will not be reached, the people said.