Bain, KKR, Broadcom among suitors lining up for Toshiba’s chips business | Reuters


Broadcom, which has teamed up with private equity firm Silver Lake, and Bain which has partnered with South Korean chipmaker SK Hynix will participate in the second-round, the people said. It was not clear if KKR and its partners would submit their offer by the end of the day.

Toshiba, which values its chip unit at at least 2 trillion yen ($18 billion), was forced to put its prized asset on the block this year, after dramatic cost overruns at its now-bankrupt U.S. nuclear unit left it scrambling for cash.

Selling the unit is critical for the company’s recovery.

Source: Bain, KKR, Broadcom among suitors lining up for Toshiba’s chips business | Reuters

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