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Toshiba Chip: KKR, Bain, Broadcom among key bidders

Toshiba valued its chip unit at $18 billion, KKR is expected to be one of the most favored bidders

Reuters  |  Tokyo 

Suitors including private equity firms KKR & Co LP, Bain Capital and U.S. chip maker Broadcom Ltd are lining up for Toshiba Corp's semiconductor business, sources familiar with matter said ahead of a deadline for second-round offers on Friday. Broadcom, which has teamed up with private equity firm Silver Lake, and Bain which has partnered with South Korean chipmaker SK Hynix will participate in the second-round, the people said. It was not clear if KKR and its partners would submit their offer by the end of the day. Toshiba, which values its chip unit at at least 2 trillion ...

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First Published: Fri, May 19 2017. 14:37 IST