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Toshiba talking with Western Digital, Foxconn about chip unit sale: sources

Reuters  |  TOKYO 

By Taro FuseTOKYO (Reuters) - Toshiba Corp told its creditor banks it is in talks with Western Digital Corp and Taiwan's Foxconn over the $18 billion sale of its prized chip unit in addition to its preferred bidder, banking sources familiar with the matter said on Tuesday. The crisis-wracked conglomerate later confirmed it was in talks with other suitors as it had not been able to reach an agreement by its self-imposed deadline of June 28. It did not name the suitors.Toshiba's preferred bidder group includes the state-backed fund Innovation Network Corp of Japan, the Development Bank of ...

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First Published: Tue, July 11 2017. 16:55 IST