Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

Toshiba set to pick Western Digital-led group for chip unit: Nikkan Kogyo

SHARE:

Toshiba's used-memory chips are seen at an electronics shop in Tokyo November 9, 2010.

Tokyo - Japan’s embattled Toshiba Corp is set to sell its memory chip unit to a consortium led by Western Digital Corp for about 2 trillion yen ($18.3 billion), the Nikkan Kogyo business daily said on Tuesday without citing sources.

Toshiba plans to make a formal decision on Wednesday with the signing of an agreement to come on Sept. 20 after a board meeting on Sept. 20, the Nikkan Kogyo said.

Sources have told Reuters Toshiba’s board is due to meet on Wednesday to consider offers from three groups. One person with direct knowledge of the talks said negotiations between Toshiba and Western Digital are ongoing.

The sources declined to be named because they were not authorized to discuss the matter publicly.

A Toshiba spokesman said no decision has been made on the sale of Toshiba Memory, and that the company is not commenting on details of the bidding process.

Toshiba is desperate to sell the unit to cover billions of liabilities at its U.S. nuclear unit Westinghouse.

In addition to the Western Digital-backed consortium which also includes KKR & Co LP and Japanese government investors, Toshiba has said it is also considering a bid led by Bain Capital and South Korea’s SK Hynix as well as one by Taiwan’s Foxconn.

Sources have told Reuters that Western Digital, which jointly invests in Toshiba’s key chip plant, has offered to step back from the consortium’s financing as a compromise, but it still wants a future stake in the chip business.

Nikkan Kogyo said the two companies are in the final stages of talks to work out how big a stake Western Digital will eventually have in the chip unit.

COMMENTS

Name

Ads,5,Afghanistan,56,Africa,9,Animals,36,Asia,84,Australia,5,Bahrain,2,Bangladesh,7,Barcelona,1,Belgium,1,Business,1008,China,98,Egypt,21,Europe,96,Fitness,14,France,10,Germany,14,Headlines,11,Health,163,Iceland,1,India,95,Indonesia,8,International,75,Iran,63,Iraq,57,Islamophobia,18,Israel,5,Italy,1,Japan,11,Kenya,2,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,300,Lithuania,1,Malaysia,6,Maxico,2,Middle East,66,Muslim World,502,Myanmar,15,Nawaz Sharif,5,Nepal,2,New Zealand,6,Nigeria,1,North Korea,30,Norway,1,Opinion,26,Pakistan,995,Palestine,33,Philippine,5,Pics,66,Poland,1,Popular,1,Qatar,92,Russia,15,Rwanda,1,Saudi Arabia,70,Science,135,Showbiz,324,South Korea,2,Spain,11,Sports,1160,Sudan,1,Switzerland,1,Syria,87,Technology,365,Top News,930,Tunisia,1,Turkey,56,U.S.,141,UAE,19,UK,20,Ukrain,1,Videos,75,World,4243,Yemen,19,
ltr
item
Muslim Global: Toshiba set to pick Western Digital-led group for chip unit: Nikkan Kogyo
Toshiba set to pick Western Digital-led group for chip unit: Nikkan Kogyo
Japan’s embattled Toshiba Corp is set to sell its memory chip unit to a consortium led by Western Digital Corp for about 2 trillion yen ($18.3 billion), the Nikkan Kogyo business daily said on Tuesday without citing sources.
https://4.bp.blogspot.com/-lbRvIKapXYk/WbdWyDA-GgI/AAAAAAAAfyY/KA4FrB5j9rUL4GDRgdHe7u1x2p8gmIfqACLcBGAs/s640/Toshiba%2527s%2Bused-memory%2Bchips%2Bare%2Bseen%2Bat%2Ban%2Belectronics%2Bshop%2Bin%2BTokyo%2BNovember%2B9%252C%2B2010..jpg
https://4.bp.blogspot.com/-lbRvIKapXYk/WbdWyDA-GgI/AAAAAAAAfyY/KA4FrB5j9rUL4GDRgdHe7u1x2p8gmIfqACLcBGAs/s72-c/Toshiba%2527s%2Bused-memory%2Bchips%2Bare%2Bseen%2Bat%2Ban%2Belectronics%2Bshop%2Bin%2BTokyo%2BNovember%2B9%252C%2B2010..jpg
Muslim Global
http://www.muslimglobal.com/2017/09/toshiba-set-to-pick-western-digital-led.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/09/toshiba-set-to-pick-western-digital-led.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy