Toshiba Corp wants investment funds including Bain Capital to buy a stake in its flash memory business rather than industry peers such as Micron Technology Inc because doing so will speed up the planned sale, a source said. Toshiba needs to raise funds by the end of March to offset an imminent multi-billion dollar writedown on its US nuclear power business. Also Read: Toshiba loses $5 billion after writedown warningThe world's biggest maker of flash memory, Samsung Electronics Co, is not among bidders, the sources said. Micron Technology was not immediately available for comment. One of the sources said that Toshiba may eventually seek investment from other chipmakers once its financial crisis has passed.

Source: India Today February 07, 2017 07:59 UTC