Society

Toshiba receives new offer on its chip unit sale

Aug 31 (NHK) - Struggling Japanese electronics maker Toshiba has received a new offer on the sale of its flash memory unit.

The offer was made by a member of a Japanese government-led consortium that Toshiba had chosen as its preferred bidder. The consortium includes Japanese and US investment funds and a South Korean chipmaker.

The offer is apparently aimed at countering moves by Toshiba and its US business partner Western Digital.

Toshiba and its partner have been negotiating the sale with the aim of making a deal by Thursday. But they reportedly remain divided on how much the US firm would be involved in managing the chip unit.

Informed sources say US investment firm Bain Capital proposed that it and Toshiba each hold a 46-percent stake in the unit.

Bain Capital also proposed that US IT firm Apple join the consortium and provide around 2.7 billion dollars.

The offers are designed to help Toshiba raise about 18 billion dollars through the deal.

Source: ANNnewsCH

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