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Western Digital to raise Toshiba chip offer to $18 billion or more: Reoprt

Toshiba had set a two trillion yen threshold for the sale

Reuters  |  Tokyo 

Western Digital Corp plans to raise its offer for Toshiba Corp's prized semiconductor unit to two trillion yen ($18 billion) or more, a person familiar with the matter said, marking a last-ditch effort to clinch a deal that both companies consider vital. The US chipmaker's new offer, to be presented by Thursday when the struggling Japanese conglomerate is to decide a preferred bidder for its Toshiba Memory Co unit, will be in the form of a debt purchase, to avoid antitrust concerns over the proposed purchase of the world's second-largest producer of NAND memory chips, the ...

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First Published: Sat, June 10 2017. 15:50 IST