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Toshiba offered $17.9 bn for chip unit by Silver Lake and Broadcom

Toshiba offered $17.9 bn for chip unit by Silver Lake and Broadcom

Friday, March 31, 2017, 7:43 AM

US private-equity firm Silver Lake Partners LP and U.S. chipmaker Broadcom Ltd have offered Toshiba Corp about $17.9 billion for its chip unit. About 10 potential-bidders are interested in buying a stake in the NAN flash memory maker. Toshiba wants to make at least 1-trillion yen from the sale of part or all of the business to cover write-downs at its Westinghouse nuclear unit.
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