What challenges is Toshiba facing regarding the sale of its chip unit?
How Toshiba Aims to Avoid Delisting
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Toshiba is facing financial difficulties, planning to raise $5.5 billion and sell nuclear assets to avoid delisting from the Tokyo Stock Exchange. The company has been under pressure since the bankruptcy of its Westinghouse Nuclear Unit. Private equity funds are interested in Toshiba shares, but the sale of its chip unit is delayed due to legal disputes with Western Digital. The outcome of these proceedings will impact Toshiba's future financial stability.
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What is the current status of Toshiba's negotiations with Western Digital?
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