Fujitsu, Western Digital in Hard-Drive Talks

Japan's Fujitsu is in talks with Western Digital and others on the sale of its hard drive business, <I>Reuters</I> reports.
Author:
Publish date:

Japan's

Fujitsu

is in talks with

Western Digital

(WDC) - Get Report

and others on the sale of its money-losing hard drive business,

Reuters

reports, in a deal one newspaper estimated could be worth $945 million.

Fujitsu, which competes in the hard-drive business with

Seagate Technology

(STX) - Get Report

, Western Digital and

Hitachi

(HIT)

, aims to sell the business by year-end,

Reuters

reports, citing a source.

Fujitsu and Western Digital are negotiating a price of $662 million to $945 million, the

Nikkei

business daily reported.

In a statement Thursday, Fujitsu said there is no "factual basis for this media report."

This article was written by a staff member of TheStreet.com.