0
General

SK hynix consortium is top bidder for Toshiba unit - report

Wednesday 21 June 2017 | 07:17 CET | News
A global consortium including South Korea's SK hyinx was tapped as preferred bidder for the sale of Toshiba's memory chip business, Yonhap news agency reports. The consortium also includes the Innovation Network Corporation of Japan fund, private equity group Bain Capital and the Development Bank of Japan. According to the same source, the consortium has secured JPY 2 trillion (approximately USD 17 billion) in cash.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Toshiba
Countries: Japan
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

SK Hynix to invest KRW 9.6 tln in DRAM, NAND production

Published 26 Jul 2017 22:25 CET | Korea, Republic of
South Korean chipmaker SK Hynix has announced plans to invest KRW 9.6 trillion (approximately USD 8.5 billion) in 2017 to expand ...

Toshiba wil cijfers uitstellen, verkoopt chipdivisie

Published 23 Jun 2017 10:26 CET | Japan
Toshiba wil de publicatie van de jaarcijfers uitstellen tot 10 augustus. Het bedrijf vraagt bij de Japanse beursautoriteit om ...

Toshiba picks INCJ consortium to buy memory chip business

Published 21 Jun 2017 08:32 CET | Japan
Toshiba has named the Innovation Network Corp of Japan, Bain Capital and the Development Bank of Japan as the preferred bidder to ...

Broadcom gets exclusive talks on Toshiba chip sale - report

Published 06 Jun 2017 13:49 CET | World
Broadcom will be granted exclusive negotiating rights to acquire Toshiba's semiconductor business, sources familiar with the ...

Toshiba buys back flash memory JV stake held by TMC

Published 02 Jun 2017 18:02 CET | World
Toshiba has resolved to revert to itself from Toshiba Memory Corporation (TMC), the stake of a joint venture (JV) between Toshiba ...

Toshiba, Western Digital spar around memory unit sale

Published 16 May 2017 09:11 CET | World
Toshiba CEO Satoshi Tsunakawa has said the company has the right to sell its memory-chip business, including a stake in a joint ...

SK Hynix sets consortium to bid for Toshiba unit - report

Published 19 Apr 2017 08:21 CET | Korea, Republic of
South Korea's major chipmaker SK Hynix teamed up with US private equity firm Bain Capital to acquire Toshiba's memory division, ...

Hon Hai seeks Softbank help in Toshiba chips bid - report

Published 17 Apr 2017 08:57 CET | Japan
Hon Hai Precision Industry has asked SoftBank for cooperation in its bid to acquire Toshiba's chip unit, sources close to the ...

Apple moves in on Toshiba ops with Foxconn - report

Published 14 Apr 2017 12:48 CET | World
Apple is looking into bidding for Toshiba's semiconductor operations with Foxconn, Reuters reported, citing public broadcaster ...

Foxconn offers up to USD 27 bln for Toshiba ops - report

Published 11 Apr 2017 10:26 CET | World
Taiwan's Hon Hai Precision Industry (Foxconn), South Korea's SK Hynix and chipmaker Broadcom have all submitted preliminary bids ...

Toshiba narrows bidders for semiconductor ops - report

Published 10 Apr 2017 08:48 CET | World
The number of bidders for Toshiba's semiconductor business has been narrowed from the 10 original interested parties to a smaller ...

SK hynix offers KRW 10 tln for Toshiba memory unit - report

Published 29 Mar 2017 07:41 CET | World
South Korean chipmaker SK hynix has joined the preliminary bid to acquire the memory chip business of Japan's Toshiba, Yonhap ...

Toshiba memory unit attracts more suitors - report

Published 17 Mar 2017 09:32 CET | World
More potential bidders are looking into Toshiba's semiconductor business ahead of the 29 March bidding deadline, Bloomberg ...