ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Toshiba Memory's chip fabrication facility in Yokkaichi, Japan.

Toshiba closer to brink of delisting as memory sale stalls

Negotiations drag on, raising risk of no deal by March

| Japan

TOKYO -- Progress is still elusive on talks to sell Toshiba's flash memory unit, putting the beleaguered conglomerate at greater risk of delisting as delays threaten to push the sale -- a vital source of cash -- beyond the fiscal year's end.

Toshiba's board met Wednesday to discuss final offers from the three players still in the race. They are the preferred bidder, a Japan-U.S.-South Korea consortium including private equity firm Bain Capital; an American team of Kohlberg Kravis Roberts and Western Digital; and Taiwan's Hon Hai Precision Industry, better known as Foxconn.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more