japan: The competing group, which includes state-backed Innovation Network of Japan and Development Bank of Japan, plans to offer about 1.8 trillion and would benefit from support from the country's government, the people said, according to The Japan Times. Western Digital has been in talks to join the Japan group, but the parties haven't been able to agree on how to divvy up ownership. Broadcom, based in San Jose, California, is offering about 2.2 trillion 20 billion and would face simpler regulatory reviews than some rivals, said one of the people, asking not to be identified because the matter is private. The company has been offered a stake of less than 20 percent, but it wants a controlling share, they said. Toshiba's future as a public company depends on selling the memory chip unit and raising cash to pay for losses in its Westinghouse nuclear business. Apple, which uses Toshiba memory chips in its products, is still considering whether to contribute capital to one or more bidders, they said.
(news.financializer.com). As
reported in the news.
Tagged under japan, people topics.