- Toshiba (OTCPK:TOSYY) wants to raise at least ¥1T ($8.8B) from the sale of a majority stake in its flash memory chip business as a buffer against any fresh financial problems, Reuters reports.
- The conglomerate is looking to restart the sale process as soon as possible and may sell to multiple buyers rather than one bidder, with interest already received from investment funds, chipmakers and client companies.
- Among the possible bidders: MU, WDC, OTC:FXCOF, OTC:HXSCF and Bain Capital.
Toshiba seeks $8.8B for chip unit stake sale
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| Symbol | Last Price | % Chg |
|---|---|---|
| TOSYY | - | - |
| Toshiba Corporation | ||