KKR (KKR) is reportedly in negotiations to invest about ¥100B ($1.3B) in Renesas (RNECY.PK) in a...

|About: KKR (KKR)|By:, SA News Editor

KKR (KKR) is reportedly in negotiations to invest about ¥100B ($1.3B) in Renesas (RNECY.PK) in a deal that would give the U.S. P-E firm a controlling stake in the unprofitable Japanese chipmaker, which is owned by NEC, Hitachi and Mitsubishi Electric. The speculation sent Renesas' shares surging 35% in Tokyo.