Apple, Amazon, Google
join bidding for Toshiba chip unit: media
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[April 01, 2017]
TOKYO (Reuters) - Apple Inc
<AAPL.O>, Amazon.com Inc <AMZN.O> and Google have joined bidding for
Toshiba's <6502.T> NAND flash memory unit, vying with others for the
Japanese firm's prized semiconductor operation, the Yomiuri Shimbun
daily reported on Saturday.
Toshiba shareholders on Thursday agreed to split off its NAND flash
memory business, paving the way for a sale to raise at least $9 billion
to cover U.S. nuclear unit charges that threaten the conglomerate's
The Yomiuri newspaper said bidding prices from Apple, Amazon or Google,
owned by Alphabet Inc <GOOGL.O>, were not known.
The Nikkei business daily reported on Friday that U.S. private equity
firm Silver Lake Partners <SILAK.UL> and U.S. chipmaker Broadcom Ltd
<AVGO.O> have offered Toshiba about 2 trillion yen ($18 billion) for the
About 10 potential bidders are interested in buying a stake in the
microchip operation, a source with knowledge of the planned sale told
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The logo of Toshiba is seen as shareholders arrive at Toshiba's
extraordinary shareholders meeting in Chiba, Japan March 30, 2017.
REUTERS/Toru Hanai TPX IMAGES OF THE DAY
Suitors include Western Digital Corp <WDC.O>, which operates a chip plant with
Toshiba in Japan, Micron Technology Inc <MU.O>, South Korean chipmaker SK Hynix
Inc <000660.KS> and financial investors.
Toshiba officials were not immediately available for comment.
($1 = 111.3800 yen)
(Reporting by Kiyoshi Takenaka; Editing by Kim Coghill)
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