Foxconn, Apple, big biz circle Toshiba's memory biz cash cow – rumors Three new characters are starring in Toshiba's saga to sell off its memory business: they are Foxconn, Apple, and a fund backed by Japan's government. Japanese giant Toshiba is trying to flog its NAND-chips-to-SSDs memory biz in whole or in part because it's making galactic-scale losses on its Chapter 11-filed US nuclear power …
That's like my neighbor down the street telling people who have offered $750K for my house that it isn't worth that much, and oh by the way they've offered $250K and claim they have an agreement with me that they have to approve any sale.
Who would make such an agreement, when the other party could simply reject any higher offers to force you to take theirs??
Unfortunately - WD DOES have such an agreement as they bought Toshiba's partner Sandisk. This is more like the VC who decides to buy a sleepy pharmaceutical company with a virtual monopoly on a critical drug - then raises the prices 750% the next day. It is legal, but immoral, and only lasts until the local political forces get involved and start changing the rules.
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