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Exclusive: Toshiba favours Bain group for chip sale; Western Digital talks stall - sources

Reuters  |  TOKYO 

By Taro FuseTOKYO (Reuters) - Toshiba Corp now favours a group led by Bain Capital LP and SK Hynix Inc to buy its prized semiconductor business, as it failed to bridge key gaps with its business partner and rival bidder Western Digital Corp, two people briefed on the matter said on Tuesday.The dramatic twist in the sale process, beset by legal wrangling and revised bids, comes just a day before Toshiba's latest deadline. The Japanese conglomerate, which needs to sell the chip business to plug a huge hole in its finances, had been trying to seal a deal by Wednesday with the Western Digital ...

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First Published: Tue, September 12 2017. 18:24 IST