Toshiba Settles with Western Digital, Helping to Clear Way for Chip Unit Sale

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Toshiba and Western Digital have ended their dispute, clearing the way for Toshiba to sell its memory chip business. But hurdles remain—including getting regulatory approval and a ticking clock. Toshiba’s fiscal year ends in March, and another year of net losses and negative shareholder equity could mean a delisting for the venerable Japanese electronics giant.

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