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Toshiba is inviting Japanese companies to participate in a joint investment in its new memory unit.

Japanese alliance for Toshiba Memory investment taking shape

Businesses, government mull late offer for stake

| Japan

TOKYO -- A Japanese public-private consortium is being assembled to bid for a stake in Toshiba's newly spun-off memory unit in hopes of heading off potential outflows of technology and talent from the country, it was learned Friday.

Toshiba and members of the business community, with support from the Ministry of Economy, Trade and Industry, are sounding out companies about joint investment in Toshiba Memory. The proposed terms would have each participant contribute about 10 billion yen ($90.2 million).

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