The companies have not hammered out a price tag for the deal (though
some have estimated a range of $350 million to $450 million), which
would leave Fujitsu with a 20% stake for a certain period. Toshiba will
eventually own 100% of the business, the companies said. The
transaction is expected to close by June 30.
Toshiba said it
"aims to build on the consolidation to raise its share in the overall
HDD market to over twenty percent by 2015." The companies
last month said they were in discussions concerning a hard-disk drive deal.
- Olaf de Senerpont Domis
