Troubled Toshiba getting $1.8-3.6 billion bids for its chips

Stefan Mileschin · 13th February 2017, 05:50

Troubled Toshiba has received bids ranging $1.8-3.6 billion for a 19.9 percent stake in its flash memory business.

Tosh needs to raise around $3 billion from the sale to make it worthwhile. The outfit needs to offset a multi-billion-dollar write down on its US nuclear power business.

Buyers for the Japanese company’s chip unit include SK Hynix and Micron and data storage firm Western Digital and financial investors such as Bain Capital.

Tosh would prefer bids from investment funds because it could conclude a deal quicker than with industry peers that may have to seek permission from competition regulators before any acquisition.

http://www.techeye.net/business/trou...-for-its-chips

13th February 2017, 05:50	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,578	Troubled Toshiba getting $1.8-3.6 billion bids for its chips Troubled Toshiba has received bids ranging $1.8-3.6 billion for a 19.9 percent stake in its flash memory business. Tosh needs to raise around $3 billion from the sale to make it worthwhile. The outfit needs to offset a multi-billion-dollar write down on its US nuclear power business. Buyers for the Japanese company’s chip unit include SK Hynix and Micron and data storage firm Western Digital and financial investors such as Bain Capital. Tosh would prefer bids from investment funds because it could conclude a deal quicker than with industry peers that may have to seek permission from competition regulators before any acquisition. http://www.techeye.net/business/trou...-for-its-chips

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