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General

Toshiba hopes to get at least JPY 1 tln from sale of unit

Tuesday 21 February 2017 | 08:59 CET | News
Toshiba wants to raise at least JPY 1 trillion (USD 8.8 billion) from the sale of its semiconductor business and hopes to close the transaction by March 2018, Bloomberg reported, citing a source familiar with the matter. The company is expected to sell a majority stake in the unit, which could reach valuation levels of up to JPY 2 trillion. The source said that Toshiba wants to take its time in order to negotiate the best price possible but is aiming to reach an agreement before the end of the next fiscal year. Toshiba declined to comment.

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Categories: General
Companies: Micron Technology / SK Hynix / Toshiba / Western Digital
Countries: World
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