Toshiba and Western Digital Negotiating on NAND Chip Deal

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Toshiba, Western Digital Negotiating on Chip Deal, Kyodo Says
Toshiba Corp. is in advanced discussions to sell its chips unit to a consortium that includes Western Digital Corp., switching from a previously announced preferred bidding group led by Bain Capital, Kyodo News reported.
The board of the Japanese electronics manufacturer is meeting Thursday to discuss the new offer by a group that includes Western Digital, KKR & Co., Innovation Network Corp. of Japan and other investors, the news agency reported without citing sources. Their bid is for 1.9 trillion yen ($17.4 billion), Kyodo said.