Tokyo — Toshiba, whose sale of its chip unit is being challenged in court by manufacturing partner Western Digital, has agreed to delay closing the deal until a hearing on July 28.
Toshiba would proceed with negotiations and contract signing in the meantime, the Tokyo-based company said.
The two companies were in court in the US on Friday for a hearing on Western Digital’s request for a preliminary injunction to block the sale. The Superior Court of California suggested the companies work on a proposal for providing Western Digital with two weeks’ advance notice of the sale and did not rule on the US company’s injunction request. read the rest here