ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Toshiba's shareholders meeting was held in Chiba on March 30.
Business

Tricky path ahead for Toshiba on chip sale

US bid apparently comes in at nearly $18bn; Tokyo said to favor American buyer

| Japan

TOKYO -- With shareholder approval gained and the first round of bidding complete, Toshiba is set to begin the difficult process of negotiating a sale of its memory chip operations that meets its financial needs while addressing government security concerns.

U.S. private-equity firm Silver Lake Partners and American chipmaker Broadcom, part of the firm's portfolio, apparently tendered a roughly 2 trillion yen ($17.9 billion) bid. That is on the high end of estimates of the memory business' value.

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