While Fujitsu's talks with with Western Digital may have fallen through, Toshiba has stepped up to the plate with its own offer to buy the company's money-losing hard drive business. According to MarketWatch, Toshiba is is in the final stages of talks and is expected to pay 30 to 40 billion yen ($333 to $444 million).
Japan's Toshiba Corp. is in the final stages of talks to buy Fujitsu's hard-disk drive business for 30 to 40 billion yen ($333 to $444 million), according to a media report Wednesday.
A deal would make Toshiba the world's biggest supplier of small hard drives ,the Nikkei newspaper reported.
Top executives at Toshiba and Fujitsu were expected to meet within a week, and if they reach an agreement, a deal could be announced by the end of this month.