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Will Toshiba buy Fujitsu's HDD business?

Posted: 16 Jan 2009 ?? ?Print Version ?Bookmark and Share

Keywords:business HDD? Toshiba Fujitsu deal? business buy?

A company spokesman said that Toshiba Corp. is in talks to buy rival Fujitsu Ltd's loss-making HDD business, according to an Agence France-Presse report.

If the companies close a deal, Toshiba would become the world's largest supplier of small HDDs.

"It is true that we are holding talks with Fujitsu on purchasing its hard disk business," Toshiba spokesman Keisuke Ohmori said, adding that nothing had been decided yet.

A Fujitsu spokesman said the company was talking with several companies about its HDD business. The report further noted that Japan's electronics giants are revamping their operations to cope with weak consumer demand amid the global economic downturn.

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