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Bain, SK Hynix group raises bid to $22.3 billion for Toshiba's chip unit

The move comes after sources said Western Digital Corp had revised its offer

Reuters  |  TOKYO 

A group including Bain Capital and South Korea's SK Hynix has raised its offer for Toshiba Corp's chip business to 2.4 trillion yen ($22.3 billion) including a 200 billion yen investment in infrastructure, sources familiar with the matter said. The offer by the consortium, which is led by the U.S. private equity group and the South Korean chipmaker as well as Japanese state-backed investors, was higher than an initial offer of around 1.94 trillion yen, according to the sources who requested anonymity because the talks were confidential. Bain and SK Hynix representatives ...

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First Published: Sat, September 09 2017. 13:24 IST