Tuesday, March 20, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
IBM Sets Tera-scale Machine Learning Benchmark Record with POWER9 and GPUs
Panasonic's Technics Organizes First Full Turntable Orchestra
Samsung Introduces 8TB PM883 SATA SSD For Datacenters
AMD Announces Real-Time Ray Tracing For ProRender Rendering Engine and Radeon GPU Profiler 1.2
Microsoft Promises to Make Windows 10 Update Faster to Install
BlackBerry and Microsoft Partner to Secure Mobile Workforce
Facebook is Testing New Tools for Creators
Google Introduces Google Play Instant
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Broadco...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, May 19, 2017
Broadcom, KKR and SK Hynix - Bain Join Final Bidding Round for Toshiba's Memory Unit

Broadcom Ltd. and a group led by KKR & Co. are emerging as the two leading bidders for Toshiba's semiconductor unit, while South Korea's chipmaker SK hynix and Bain Capital have also joined the final bidding, as of Friday's deadline for second-round offers.

According to Bloomberg's sources, Broadcom is offering about 2.2 trillion yen ($20 billion) and would face simpler regulatory reviews than some rivals.

The competing group, which includes state-backed Innovation Network Corp. of Japan and Development Bank of Japan, plans to offer about 1.8 trillion yen and would benefit from support from the country's government.

U.S. buyout firm Bain Capital LP plans to bid around 1.5 trillion yen ($13.5 billion), according to Reuters. The bid will be made in partnership with South Korea's SK Hynix but the chip maker will not take a leading role due to anti-trust concerns.

Toshiba's partner Western Digital, which jointly runs Toshiba's main semiconductor plant and is one of the suitors for the chip unit, is seeking to block any sale that does not have its consent. Western Digital is presumed to have been excluded in the second bidding.

Other major tech firms, such as Taiwan-based Hon Hai better known as Foxconn, are also expected to join the bidding.

The Japanese TVs-to-nuclear conglomerate plans to close a second-round of bidding for the world's second-largest NAND chip manufacturer on Friday but much of the sale is uncertain. But the company is also open to entertaining new bids after the second round closes, according to some unconfirmed sources.

Toshiba is depending on the sale to cover a $9 billion hole in its accounts due to problems at now bankrupt unit Westinghouse.

Samsung Chromebook Pro Available on May 28 For $550        All News        Panasonic Announces the Toughbook 33 2-in-1 Detachable Laptop
Holograms Could be the Future of Near-eye Displays     General Computing News      Japan Display and NHK Media Technology To Showcase a Light Field 3D Display Based on 8K LCD

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba Adds 64-layer BiCS CD5, XD5 and HK6-DC Models to Data Center SSD Lineup
Broadcom Withdraws Offer to Buy Qualcomm After Trump Veto
President Trump Blocks Proposed Takeover of Qualcomm by Broadcom
Broadcom to Redomicile to U.S. by April 3
Buying Broadcom Could be an Option for Intel, If Qualcomm Deal Fail
Broadcom and ST Chips Power the new Galaxy S9: Teardown
Broadcom Committed to Security, 5G Leadership
Western Digital to Inject $4.6bn in Toshiba Memory
Broadcom Pledges to Make the U.S. the Global Leader in 5G After Qualcomm Acquisition
Qualcomm Shareholder Meeting Postponed as US Will Examine Broadcom's Offer
Toshiba Completes Transfer of its TV Business to Chinese Hisense Group
Toshiba Releases 2TB Hard Disk Drive for Notebooks

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .