Latest in Acquisition

Image credit:

Toshiba to buy OCZ's assets for $35 million, eyes solid-state supremacy

Jon Fingas , @jonfingas
12.03.13
161 Shares
Share
Tweet
Share
Save

OCZ's memory technology won't fade into obscurity after all -- Toshiba has agreed to buy the ailing company's assets for $35 million through a bankruptcy auction. As long as the bid wins, Toshiba expects to acquire OCZ's solid-state drive businesses in January. The deal also supplies the financing that OCZ needs to fulfill customer orders during the transition. It's a quiet end for the once-popular storage brand, but the buyout is undoubtedly good news for Toshiba. The Japanese tech giant can now augment its SSD lineup with OCZ's controller chips and flash memory supply; if future Toshiba SSDs outperform their rivals, you'll know who to thank.