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.
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.