You are here: Home » Reuters » News
Business Standard

Japan govt-led bid for Toshiba chip unit to include SK Hynix - sources

Reuters  |  TOKYO/SEOUL 

By Taiga Uranaka and Se Young LeeTOKYO/SEOUL (Reuters) - A Japanese government-led consortium bidding for Toshiba Corp's chip business will include South Korean chipmaker SK Hynix Inc, sources familiar with the matter said - a move likely to add firepower to the group's bid in the hotly contested auction.The sale has seen much tense last-minute jockeying by suitors, leaving the conglomerate little time to come to a decision by its shareholders meeting at the end of this month.Toshiba is seeking a minimum of $18 billion for the world's second-biggest producer of NAND chips and wants to get the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, June 14 2017. 12:48 IST