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General

Toshiba memory unit attracts more suitors - report

Friday 17 March 2017 | 09:32 CET | News
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More potential bidders are looking into Toshiba's semiconductor business ahead of the 29 March bidding deadline, Bloomberg reported, with sources close to the matter saying interested parties include Japanese government-backed entities. The Development Bank of Japan is considering a joint offer with US financial bidders. Bids are expected to range from JPY 700 billion to JPY 1.8 trillion (USD 6.2-15.9 billion), one of the persons said. Toshiba, which is willing to sell off a majority stake in the unit, is seeking bids that value the entire business at JPY 1.5 trillion.

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