Wednesday, May 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic HIT Solar Module Achieved World's Highest Output Temperature Coefficient
Acer Curved 35-inch QHD Predator Z35P Monitor Now Available
SoftBank Reportedly Takes $4 Billion Stake in Nvidia
Silver Lake Invests $400 Million in Unity
LG Electronics to Finally Launch LG Pay in June
Moderate GPU Sales in the First Quarter
Google To Employ Machine Learning To Ad Analytics
Crucial to Debut 128GB DDR4 LRDIMM Server Memory
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Broadco...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, May 19, 2017
Broadcom, KKR and SK Hynix - Bain Join Final Bidding Round for Toshiba's Memory Unit


Broadcom Ltd. and a group led by KKR & Co. are emerging as the two leading bidders for Toshiba's semiconductor unit, while South Korea's chipmaker SK hynix and Bain Capital have also joined the final bidding, as of Friday's deadline for second-round offers.

According to Bloomberg's sources, Broadcom is offering about 2.2 trillion yen ($20 billion) and would face simpler regulatory reviews than some rivals.

The competing group, which includes state-backed Innovation Network Corp. of Japan and Development Bank of Japan, plans to offer about 1.8 trillion yen and would benefit from support from the country's government.

U.S. buyout firm Bain Capital LP plans to bid around 1.5 trillion yen ($13.5 billion), according to Reuters. The bid will be made in partnership with South Korea's SK Hynix but the chip maker will not take a leading role due to anti-trust concerns.

Toshiba's partner Western Digital, which jointly runs Toshiba's main semiconductor plant and is one of the suitors for the chip unit, is seeking to block any sale that does not have its consent. Western Digital is presumed to have been excluded in the second bidding.

Other major tech firms, such as Taiwan-based Hon Hai better known as Foxconn, are also expected to join the bidding.

The Japanese TVs-to-nuclear conglomerate plans to close a second-round of bidding for the world's second-largest NAND chip manufacturer on Friday but much of the sale is uncertain. But the company is also open to entertaining new bids after the second round closes, according to some unconfirmed sources.

Toshiba is depending on the sale to cover a $9 billion hole in its accounts due to problems at now bankrupt unit Westinghouse.



Previous
Next
Samsung Chromebook Pro Available on May 28 For $550        All News        Panasonic Announces the Toughbook 33 2-in-1 Detachable Laptop
Holograms Could be the Future of Near-eye Displays     General Computing News      Japan Display and NHK Media Technology To Showcase a Light Field 3D Display Based on 8K LCD

Get RSS feed Easy Print E-Mail this Message

Related News
Western Digital Takes Legal Action Against Toshiba to Block Sale Of Memory Chip Business
European Commission Clears Acquisition of Brocade by Broadcom
Toshiba Tells Western Digital To Stop Messing Up With Chip Unit Sale
Toshiba Demonstrates 64-Layer BiCS FLASH on Client NVM Express SSD
SK Hynix Reports Strong First Quarter Results
Toshiba to Spin Off 4 Operations
Questions Remain About The Fate Of Toshiba's HDD and SSD Business
Toshiba's Shareholders Seek For New Compensatory Damages
Toshiba's New 8TB Consumer Hard Disk Focuses on Reliability
INCJ Added to the List Of Companies Interested In Toshiba's Chip Unit
Apple Eyes Toshiba's Memory Chip Business: reports
Toshiba To Sell Its TV Business, Turkish, Chinese Companies Among Buyers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .