Toshiba still in talks with 3 potential bidders for memory business

Nieuws Algemeen Wereld 31 AUG 2017
Toshiba still in talks with 3 potential bidders for memory business

Toshiba said it has yet to decide on a buyer for its memory chip business. Media reports suggested the company would take a decision at a board meeting on 31 August, but the company released a statement saying it had not progressed far enough in negotiations with any of the bidders.

The company confirmed it's in talks with three consortia: one involving Innovation Network Corp of Japan, Bain Capital and Development Bank of Japan; one including Western Digital; and one including Hon Hai. Toshiba said it had not narrowed the list further. The company will continue negotiations and said it aims to agree a deal as soon as possible. 

Categories:

Algemeen

Companies:

Toshiba,  Western Digital

Regions:

Wereld

Tags:

Semiconductors, Wholesale, M&A buyouts & divestments

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