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Battle for Toshiba: a tale of tempers, threats, clashes

How Western Digital held all the aces yet ended up losing the game to an Apple-backed consortium

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Tempers first flared at an April meeting at Western Digital's headquarters. The American CEO made a low-ball offer of US$13 billion for the business and said he'd use his rights as Toshiba's partner to block a sale to anyone else, according to people who attended the meeting.

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Western Digital's takeover bid hit a red light last week, when Toshiba finally agreed to sell to a group of investors including Bain, Apple, and Dell.

Tokyo

STEVE Milligan was ready to declare victory. A statement was drafted and a photographer was getting lined up for a hand-shake ceremony planned in Tokyo. As the brash Silicon Valley executive prepared to announce the biggest deal of his career, a prominent Japanese newspaper was...

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