• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Techtoshiba

Silver Lake, Broadcom Are Apparently Among the Bidders for Toshiba’s Chip Unit

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
March 31, 2017, 8:52 AM ET

U.S. Private equity firm Silver Lake Partners and U.S. Chipmaker Broadcom have offered Toshiba about 2 trillion yen ($17.9 billion) for its chip unit, the Nikkei business daily reported on Friday.

About 10 potential bidders are interested in buying a stake in the NAND flash memory maker, a source with knowledge of the planned sale told Reuters earlier.

Suitors include Western Digital, which operates a chip plant with Toshiba in Japan, Micron Technology, South Korean chipmaker SK Hynix and financial investors.

Toshiba wants to make at least 1 trillion yen from the sale of part or all of the business to cover writedowns at its Westinghouse nuclear unit. It says it expects investors to value its chip operations at about 2 trillion yen.

Toshiba is also asking potential bidders whether they intend to resell their stakes and wants to make a decision on the sale before a shareholders meeting in June, the Nikkei said, without saying where it obtained the information.

Toshiba shareholders on Thursday agreed to split off its prized chip unit, paving the way for the sale.

About the Author
By Reuters
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.