TOKYO -- Western Digital has put forward a new offer for Toshiba's flash memory arm that would give the American company less of a direct voice in management in exchange for a larger share of chip output, sources told the Nikkei.
Under the new proposal, other members of Western Digital's consortium -- mainly U.S. investment firm Kohlberg Kravis Roberts, the public-private Innovation Network Corp. of Japan and the government-backed Development Bank of Japan -- would acquire Toshiba Memory. The purchase price would likely remain around 2 trillion yen ($18.3 billion), with major Japanese banks providing financing.
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