Verbatim sold to CMC
This month Mitsubishi Chemical Corp. decided to sell its legendary Verbatim business unit to CMC Magnetics.
It is unclear whether CMC intends to get these businesses and keep them running.
Mitsubishi Chemical no longer sees new opportunities with CD/DVD/Blu-ray media, which is why it is selling not only the brand, but all of the related assets.
Mitsubishi is not the only company to exit optical disc media in the recent years. Such legendary names as Taiyo Yuden, TDK, Maxell, Fujifilm, BASF, and other decided to withdraw from this business in the last ~10 years.