Toshiba Draws Bids for Chip Business - News Summed Up

Toshiba Draws Bids for Chip Business


Toshiba Corp.’s memory-chip unit has drawn bidders from South Korea, the U.S. and Taiwan, and some involved in the process see advantages to a deal with Western Digital Corp., people familiar with the matter said. In a regulatory filing released after close of trading Tuesday, SK Hynix Inc. said it submitted a nonbinding proposal for the Toshiba unit last Friday but hasn’t decided whether to submit a final bid. Other bidders include...


Source: Wall Street Journal February 07, 2017 03:45 UTC



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