CZ Receives Court Approval For Toshiba To Acquire Its SSD Assets — The OCZ Name Lives On!

OCZ Technology Group, Inc., a prior leader in high-performance solid state drive (SSD) technology for client and enterprise markets, has announced that they have received approval from the United States Bankruptcy Court for the District of Delaware to transfer the substantial portion of the SSD-related assets to Toshiba Corporation. Many have asked if the OCZ name would live on under such an acquisition, and this agreement appears to indicate that the popular OCZ brand will continue in full force, augmented by Toshiba’s financial strength and portfolio of NAND flash memory. This portion of the transaction(s) is anticipated to be finalized with the next week to ten days...

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