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Exclusive: Toshiba now favours Bain group for chip sale; Western Digital talks stall - sources

Reuters  |  TOKYO 

By Taro FuseTOKYO (Reuters) - Toshiba Corp now favours a group led by Bain Capital LP and SK Hynix Inc as buyer for its prized semiconductor business, as it has failed to bridge key gaps with its business partner and rival bidder Western Digital Corp, two people briefed on the matter said on Tuesday.The Japanese conglomerate, which needs to sell the chip business to plug a huge hole in its finances, had been trying to seal a deal by Wednesday with the Western Digital group but now hopes to reach agreement with the Bain group by next week, said the sources, who declined to be identified as the ...

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First Published: Tue, September 12 2017. 16:23 IST
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