Should You Sell Western Digital After its Toshiba Loss?

Should You Sell Western Digital After its Toshiba Loss?

Western Digital's (NASDAQ: WDC) lengthy attempt to acquire Toshiba's (NASDAQOTH: TOSBF) memory unit failed last month, with Toshiba deciding to sell the unit to a consortium led by SK Hynix and Bain Capital.

Western Digital previously inherited a NAND flash memory joint venture with Toshiba through its $15.8 billion acquisition of SanDisk. But shortly after the SanDisk takeover, Toshiba decided to sell its entire memory business to offset losses at its US nuclear division.

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Source: Fool.com