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Japan govt investors tell Toshiba of plan to join chip unit bidding - sources

Reuters  |  TOKYO 

TOKYO (Reuters) - Two Japanese government-backed investors have formally informed Toshiba Corp of their intention to take part in bids for its prized flash memory chip business, sources familiar with the matter said.State-backed fund Innovation Network Corp of Japan (INCJ) and the Development Bank of Japan (DBJ) told the conglomerate of their intention on Friday, said the sources, who declined to be identified because the talks were private.It was not clear whether INCJ and DBJ were working together or if they would be teaming up with other suitors. INCJ declined to comment. A representative ...

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First Published: Fri, May 19 2017. 09:39 IST