Japan-backed Hynix bid for Toshiba



Toshiba is said to value the business at $13 billion.

A preliminary bid from Hynix bid is expected sometime today.

A number of industry leaders like Micron, TSMC, Western Digital, Foxconn, Kingston and others are said to be interested in buying the business or buying a stake in it.

The business is for sale because of losses of over $6 billion incurred by Toshiba’s nuclear business.


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