Toshiba Fires Back at Seagate Takeover Rumors Over TDK Deal

TLDR

Toshiba has actually pressed back versus a report stating it is secured a takeover battle with Seagate over a piece of TDK’s organization. The report declared the 2 business were contending to purchase TDK’s hard-disk drive magnetic-head operations.

Seagate and Toshiba are secured a contest for TDK’s magnetic-heads organization for hard-disk drives in an offer that might be worth a number of billion dollars– the most recent effort by AI-related hardware makers to equal need https://t.co/AcUwUYBEbf

— Bloomberg (@business) October 6, 2026

A Toshiba representative informed Bloomberg the report does not match the business’s understanding of occasions. The representative utilized the word”irregular”to explain the space in between the report and what Toshiba states is in fact taking place.
Japan Industrial Partners supported that rejection. The company, which is Toshiba’s primary monetary backer, stated the short article does not show its own understanding either.
Toshiba likewise rejected a more particular claim. The business stated no three-way talks have actually occurred in between Toshiba, TDK and Seagate about

future products of hard-disk drive heads.

What the Original Report Claimed
The report originated from Bloomberg on Tuesday, pointing out individuals acquainted with the matter.

It stated Toshiba started talks with TDK back in spring.
Seagate then went into the photo over the summer season with a greater deal, according to the report. The handle concern includes TDK’s magnetic-head service, which might be worth numerous billion dollars.

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TDK is stated to be weighing a sale of the system as part of a bigger shift in technique. The business wishes to put more cash into batteries, passive parts and sensing units rather.
Magnetic heads are little parts that check out and compose information on the spinning disks inside a hard disk. They collaborate with the disk media and other parts to make the drive function.

TDK is presently the only independent maker of these magnetic-recording heads. It provides them to Seagate, Toshiba and Western Digital.
Why business Matters
Whoever winds up managing the system would get more impact over an essential part of the hard-drive supply chain. That matters since information centers are keeping growing quantities of info connected to AI systems.
Disk drives stay a more affordable alternative than flash storage for saving big volumes of information. That keeps need for drive elements like magnetic heads raised.
Toshiba relies completely on TDK for this

element, which is one factor business is viewed as important to the business. Seagate and Western Digital make some heads internally however still depend upon TDK to assist throughout durations of high need.

Seagate has a history of purchasing up storage-related organizations. It obtained Intevac, a thin-film processing systems provider, for about 119 million dollars in 2025.
It likewise purchased Xyratex, a data-storage innovation company, back in

2014 for approximately 376 million dollars.

Seagate’s stock moved somewhat greater over night following the report, trading about 0.1 percent up near 2:30 a.m. Eastern time Tuesday.

The stock has actually climbed up more than 223 percent up until now this year.

Seagate Technology Holdings plc, STX

. Retail belief on the stock was referred to as bullish on Tuesday, according to different reporting. No arrangement or offer has actually been verified by