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Toshiba names 4 bidders for chip unit in talks with creditors

Highest bid at $18bn; Foxconn, KKR, SK Hynix, Broadcom make up the list

TOKYO -- Toshiba told its creditors on Thursday that four groups have expressed interest in buying its memory chip unit, with one offering to pay over 2 trillion yen ($17.9 billion), The Nikkei has learned.

The four are U.S. private equity fund Kohlberg Kravis Roberts, South Korean chipmaker SK Hynix, U.S. chipmaker Broadcom and Taiwanese contract manufacturer Hon Hai Precision Industry, also known as Foxconn.

Toshiba is also preparing to begin separate talks over the planned sale with its U.S. partner Western Digital, which opposes selling Toshiba Memory to any buyer but itself.

Toshiba has told its creditors that selling the unit to Western Digital might be difficult, sources said.

(Nikkei)

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