- Bain Capital is replacing rival KKR in a Japanese government-led consortium bidding for Toshiba's (OTCPK:TOSYY) prized chip unit, sources told Reuters, without identifying the reason.
- The group, led by state-backed Japan Innovation Network Corp and also includes Western Digital (NYSE:WDC), is one of two frontrunners in the race for the world's second biggest producer of NAND flash memory chips.