# Western Digital-led consortium close to $17.4B deal for Toshiba chip unit

A consortium led by Western Digital is close to an agreement to buy Toshiba's flash memory chip business for $17.4 billion, with an announcement expected on August 31, 2017.

- Type: Acquisition
- Announced: 2017-08-28
- Where: Japan
- Value: $17.4B
- Status: rumored
- Products: flash memory chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Toshiba](https://endata.com/companies/8893.md) (target)
- [Western Digital](https://endata.com/companies/21541.md) (acquirer)

## Sources

- [reuters.com](https://www.reuters.com/article/technology/western-digital-group-finalizing-17-billion-deal-for-toshiba-chip-unit-source-idUSKCN1B806F/), 2017-08-28: "A consortium led by Western Digital Corp is close to an agreement to buy Toshiba Corp's $17.4 billion chip business, with the U.S. firm's CEO in Tokyo to finalize the long and contentious talks, a person familiar with the matter said."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.