Toshiba Might Spin Off Its Semiconductor Business (fortune.com)

Toshiba is considering spinning off its semiconductor business and selling a partial stake in the unit to Western Digital, the Nikkei financial daily reported on Wednesday. From the report: Toshiba will sell a roughly 20% interest in the unit for about 200 billion yen-300 billion yen ($1.77 billion-$2.66 billion) while retaining a majority stake, the newspaper reported. Besides Western Digital, U.S. investment funds are also showing interest in Toshiba's semiconductor business, the Nikkei reported, sources familiar with the matter.