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General

SK Hynix sets consortium to bid for Toshiba unit - report

Wednesday 19 April 2017 | 08:21 CET | News
South Korea's major chipmaker SK Hynix teamed up with US private equity firm Bain Capital to acquire Toshiba's memory division, Yonhap news agency reports, citing unnamed market sources. SK hynix set up a consortium with the Bain Capital to bid for Toshiba's memory unit. If their bid is successful, the acquisition would make SK Hynix the world's second largest player on the NAND flash memory market. SK hynix refused to confirm on whether it has established the consortium with Bain Capital.

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Categories: General
Companies: Hon Hai Precision Industry / SK Hynix / Toshiba
Countries: Korea, Republic of
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