Western Digital Reportedly Makes $18 Billion Offer for Toshiba's Flash Memory Division

Toshiba shares surged the most in four months in Tokyo trading Wednesday after domestic media reports that Western Digital has offered nearly $18 billion for the troubled conglomerate's flash-memory division.
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Toshiba Corp. (TOSYY) shares surged the most in four months in Tokyo trading Wednesday after domestic media reports that Western Digital (WDC) - Get Report has offered nearly $18 billion for the troubled conglomerate's flash-memory division.

The Kyodo news agency said Western Digital CEO Steve Milligan would meet with Toshbia's President, Satoshi Tsunakawa, later Wednesday to discuss the sale as the groups attempt to iron out differences linked to a SanDisk joint venture that Western Digital alleged was moved into a separate memory unit business in order to be sold more quickly.

READ MORE: Toshiba Shares Leap on Report of Western Digital Bid For Flash Memory Division

This article was written by a staff member of TheStreet.