From TM analytics 31/8/18 note "Under the JDA, 4DS is required...

From TM analytics 31/8/18 note

"Under the JDA, 4DS is required to notify HGST of any acquisition or financing proposal the company receives from third parties. Furthermore, under the JDA, HGST has an option to take out a 20-year non-exclusive license on 4DS’ technology.

Depending on whether the exact specificities of the JDA will allow it, HGST may choose to exercise its license option in case of a third-party takeover bid or licensing agreement to secure access to the technology and/or to potentially frustrate a takeover bid. This would effectively mean that whoever wants to acquire or license 4DS’ Interface Switching ReRAM technology would have to share this technology with Western Digital, which may be a deal breaker for any third party looking to acquire or license the technology"