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.
