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Toshiba in talks with Western Digital, Foxconn over chip unit sale: sources

Reuters  |  TOKYO 

By Taro FuseTOKYO (Reuters) - Toshiba Corp is in talks with Western Digital Corp and Taiwan's Foxconn, as well as with an already preferred bidder, as it seeks to revive a stalled $18 billion sale of its chip business, banking sources said on Tuesday.The Japanese conglomerate confirmed it was in talks with suitors, but did not name them, noting it had been unable to reach an agreement by a self-imposed June 28 deadline with its preferred bidder - a group that includes state-backed fund Innovation Network Corp of Japan (INCJ), the Development Bank of Japan (DBJ), U.S. private equity firm Bain ...

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First Published: Tue, July 11 2017. 18:43 IST