Deals
Applied Materials to Buy Kokusai From KKR for $2.2 Billion
- KKR bought the Japanese wireless equipment maker in 2017
- Applied Materials failed to merge with Tokyo Electron in 2015
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Applied Materials Inc., one of the largest makers of machines used to make semiconductors, agreed to buy Kokusai Electric from KKR & Co. in a deal worth about 250 billion yen ($2.2 billion).
Kokusai Electric will operate as a business unit of Applied’s semiconductor products group and continue to be based in Tokyo, according to a statement Monday.