Toshiba said it was open to talks with Western Digital in their dispute over the sale of the Japanese conglomerate’s prized chip unit—an apparent olive branch after it chose another suitor as preferred bidder.
The two have been feuding bitterly and Western Digital, which jointly runs Toshiba’s main semiconductor plant, has sought a U.S. court injunction to prevent any deal that does not have its consent.
The softer tone from Toshiba comes on a day of further indignities as the crisis-wracked conglomerate saw itself demoted to the second section of the Tokyo Stock Exchange and estimated bigger losses for the past financial year.
