Reuters: Toshiba still considering chip unit bidders

|About: Toshiba Corp. (TOSBF)|By:, SA News Editor

Reuters reports that Toshiba (OTCPK:TOSBF, OTCPK:TOSYY) denies yesterday’s rumor that the company had selected Western Digital (NYSE:WDC) as the winning bidder for its chip unit. Toshiba says no decision has been made yet.

Toshiba has missed a few self-imposed deadlines to select a bidder and now has tomorrow as its new deadline. 

A consortium containing Western Digital remains a top bidder but Toshiba and Apple have reportedly expressed concerns about the company possibly taking control of the chip unit rather than remaining an investor. 

Other bidders include a consortium led by Bain Capital and Toshiba competitor SK Hynix and one led by Apple supplier Foxconn. 

Western Digital shares are up 2.03% premarket.  

Previously: Report: Western Digital wins bid for Toshiba chip unit (Sept. 11)

Subscribe for full text news in your inbox