Deals
Toshiba Fails to Pick Winner as Three Groups Bid for Chip Unit
- Bidders include Bain Capital, Western Digital and Hon Hai
- Toshiba aiming for agreement at the ‘earliest possible date’
Toshiba in Talks With Three Groups on Chip Sale
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Toshiba Corp. disclosed it’s in talks with three consortiums for its memory chip unit and that it’s still unable to make a final decision on a buyer.
There’s one group that includes Western Digital Corp., a second that includes Hon Hai Precision Industry Co. and a third comprised of Bain Capital, the Innovation Network Corporation of Japan and Development Bank of Japan. The board hasn’t been able to choose a winner even though the company “exercised its best efforts to reach a mutually satisfactory definitive agreement with one of the consortia,” Toshiba said in a statement Thursday.