Advertisement
New Zealand Markets closed
  • NZX 50

    11,817.91
    +89.90 (+0.77%)
     
  • NZD/USD

    0.6037
    -0.0049 (-0.8029%)
     
  • ALL ORDS

    7,957.80
    +32.60 (+0.41%)
     
  • OIL

    82.46
    -0.26 (-0.31%)
     
  • GOLD

    2,155.60
    -8.70 (-0.40%)
     

Toshiba, Western Digital Corp reach settlement

Toshiba Corp and its chip business partner Western Digital Corp have agreed to settle a long-running dispute over the embattled Japanese conglomerate's plans to sell its chip unit. As Kate King reports, it now hopes to close the $18bn sale to Bain Capital by March.