TOKYO -- As Toshiba weighs a takeover bid by CVC Capital Partners estimated to be worth more than $20 billion, much depends on the value of the Japanese industrial group's former crown jewel: memory chips.
Analyst estimates of the market capitalization of unlisted Kioxia Holdings -- a spinoff formerly known as Toshiba Memory -- range from roughly 1.2 trillion yen ($11 billion) to 2.6 trillion yen. That means Toshiba's 40% stake could be worth anything from 500 billion yen to twice as much.
