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Toshiba Buys Part of SanDisk Venture Stake

Toshiba Buys Part of SanDisk Venture Stake

Toshiba and SanDisk have entered into a new provisional deal that will see Toshiba partially buying out SanDisk’s stake in two flash memory production facilities in Japan. The facilities, located in Yokkaichi, Japan, are currently a 50-50 split between SanDisk and Toshiba; under the new arrangement, Toshiba will own 30 percent of the plants’ production right off the top, with the remaining 70 percent of the factories’ output still being split evenly between the two companies, effectively changing the split from 50-50 to 65-35 in favor of Toshiba.

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