TDK (6762.T): Bloomberg reports Toshiba and Seagate both looking to acquire magnetic head business

Around 13:00 on October 6, Bloomberg reported that both Toshiba and Seagate are looking to acquire TDK's magnetic head business. Key points: (1) Background: In the spring, Toshiba started talks with TDK regarding the sale of the magnetic head business, and later in the summer, Seagate offered a higher acquisition price; the acquisition amount is expected to reach hundreds of billions of yen. (2) Three-party talks: Both Toshiba and Seagate are reportedly concerned about magnetic head procurement risks if they do not succeed in the acquisition, and talks have started among the three companies including TDK regarding continued supply, including a proposal to establish a joint venture, though these talks only started last week, are at an initial stage, and could come to nothing. (3) Hurdles to realization: from the perspective of national economic security (data center storage is of increasing importance), an antitrust review by the authorities would be required in the case of an acquisiti