You are here: Home » International » News » Companies
Business Standard

Bain-led consortium in last-minute $18 bn bid for Toshiba chip unit: NHK

Apple is a new member of the consortium, which also includes South Korean chipmaker SK Hynix Inc

Reuters  |  Tokyo 

A consortium led by Bain Capital and including Apple Inc has offered a revised last-ditch bid for Toshiba Corp's prized memory chip unit worth about 2 trillion yen ($18.2 billion), a source with direct knowledge of the matter said. Apple, a key client for Toshiba, is a new member of the consortium, which also includes South Korean chipmaker SK Hynix Inc The source declined to be identified as the talks were private. The revised bid, first reported by Japanese broadcaster NHK, comes as sources say talks between Toshiba and a Western Digital Corp-led consortium that has ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, August 30 2017. 22:45 IST
RECOMMENDED FOR YOU