TOKYO -- Western Digital has offered to acquire less than 20% of Japanese partner Toshiba's memory chip arm, compromising on its prior demand for a majority stake in a bid to get negotiations moving.
In addition to limiting its stake in Toshiba Memory to 19.9%, the American hard-drive maker will scrap plans to eventually turn the unit into a subsidiary. Western Digital CEO Steve Milligan is expected to discuss the proposal with Toshiba President Satoshi Tsunakawa in Japan this week.
