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Broadcom, KKR Said to Emerge as Leading Bidders for Toshiba NAND Chip Unit

Offering about $20 billion
By Jean Jacques Maleval on 2017.05.19

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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.

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