OCZ

Just a few days after announcing that it was filing for bankruptcy, solid-state storage manufacturer OCZ has confirmed that it will be selling its assets to Toshiba for $35 million. According to the release, Toshiba will be acquiring "OCZ's client and enterprise solid state drive business" and that the sale is expected to close "within approximately 60 days." Toshiba will also be providing OCZ with the funding it needs to buy up NAND and support "existing and future customers" during the transitional period.

One of the biggest suppliers of solid state drives has announced it has filed for bankruptcy after months of financial problems. San Jose, California-based OCZ Technology revealed its plans on Wednesday, along with a buyout offer from Toshiba.