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Western Digital group to offer $17.4 billion for Toshiba chip unit: sources

TOKYO: A consortium that includes Western Digital is offering 1.9 trillion yen ($17.4 billion) for Toshiba's memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its US nuclear business, sources said on Thursday. Western Digital is set to offer 150 billion yen through convertible bonds and will not seek voting rights in the business, the sources who were familiar with the deal said. The consortium also includes US private equity firm KKR & Co as well as the state-backed…

Google, Amazon eye Toshiba’s chip unit: report

TOKYO: Google and Amazon joined a list of potential buyers eyeing Toshiba’s lucrative memory chip business as the Japanese conglomerate seeks bidders to cover huge losses, a newspaper said Saturday. Toshiba has reportedly completed the first round of bidding for its prized memory chip business, seen as key for the cash-strapped company to turn itself around. Some 10 foreign companies and funds, including Google and Amazon, tendered bids, the mass-circulation Yomiuri Shimbun said, quoting unnamed sources. The two US…