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Western Digital

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…