Broadcom, KKR Said to Emerge as Leading Bidders for Toshiba NAND Chip Unit
Offering about $20 billion
By Jean Jacques Maleval | May 19, 2017 at 2:57 pmTo read this article from Bloomberg, click on:
Broadcom, KKR Said to Emerge as Leading Bidders for Toshiba Unit
Broadcom Ltd. and a group led by KKR & Co. are emerging as the two leading bidders for Toshiba Corp.’s semiconductor unit as of Friday’s deadline for second-round offers, according to people familiar with the matter.
Broadcom, based in San Jose, CA, is offering about 2.2 trillion yen ($20 billion) and would face simpler regulatory reviews than some rivals, said one of the people, asking not to be identified because the matter is private. The competing group, which includes state-backed Innovation Network Corp. of Japan and Development Bank of Japan, plans to offer about 1.8 trillion yen and would benefit from support from the country’s government, the people said.