B · Normal
[Seagate and Toshiba are reported to be bidding for TDK's hard drive head business, and the transaction amount may reach billions of dollars] On October 6, people familiar with the matter said that Seagate and Toshiba are bidding for TDK's hard drive head business. Both companies hope to keep up with the rapidly growing demand for storage equipment in artificial intelligence (AI) data centers. According to people familiar with the matter, Toshiba took the lead in negotiating with TDK this spring, and Seagate subsequently made a higher offer in the summer. The acquisition could be worth up to several billion dollars. TDK shares rose 7.3% in Tokyo on Tuesday afternoon, with trading volume nearly three times the 20-day average.
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