Communications chipmaker Broadcom Ltd is planning to unveil a bid for smartphone chip supplier Qualcomm Inc by Monday, three sources familiar with the matter said on Friday, an attempt to create a roughly $200-billion...
Electronics
Western Digital will not drop merger objections in Toshiba talks: CEO
Western Digital Corp (WDC.O) on Thursday refused demands from Toshiba Corp 6502.t that it drop a set of legal rights it believes would allow the company to block Toshiba’s $18 billion sale of its memory chip unit to SK...
China approves HP’s $1.1 billion buy of Samsung’s printer business with curbs
China said on Thursday it has approved HP Inc’s $1.1 billion purchase of Samsung Electronics’ printer business with certain restrictions, citing concerns about the U.S. firm’s dominance of the domestic laser printer...
Crompton Greaves leads race to buy Videocon-owned Kenstar, offers Rs 1,400 crore
Advent International and Temasek-backed Crompton GreavesBSE 0.43 % and homegrown PE fund Everstone Capital are competing to acquire home appliances brand Kenstar in the final leg of the deal. Both have submitted binding...
Bain files for China antitrust approval on $18 billion Toshiba chips deal – source
The Bain Capital-led consortium that bought Toshiba’s chip unit for $18 billion last week has filed for antitrust approval in China, a source familiar with the matter said, but it may have to wait nine months or more...
Toshiba buying back 10% stake in Westinghouse unit for $522 million
Japan’s Toshiba Corp. said on Thursday it is buying back a 10% stake in Westinghouse Electric Co. from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt US unit...
Dhoot Transmission to sign equal joint venture with US’ Carling
Aurangabad-based Dhoot Transmission, one of India’s top wiring harness maker, will enter into an equal joint venture (JV) with the US-based Carling Technologies, a leading switch maker for heavy trucks and construction...
Toshiba $18 billion sale of chip unit signed, but discord emerges immediately
Japan’s Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key – albeit not its last – hurdle as it scrambles for funds...
Toshiba selects Bain group as buyer of its memory chip business – sources
Japan’s Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, the latest dramatic twist to a...
Toshiba favors Bain group for chip sale; Western Digital talks stall – sources
Toshiba Corp (6502.T) now favors a group led by Bain Capital LP and SK Hynix Inc (000660.KS) to buy its prized semiconductor business, as it failed to bridge key gaps with its business partner and rival bidder Western...
Toshiba set to pick Western Digital-led group for chip unit: Nikkan Kogyo
Japan’s embattled Toshiba Corp (6502.T) is set to sell its memory chip unit to a consortium led by Western Digital Corp (WDC.O) for about 2 trillion yen ($18.3 billion), the Nikkan Kogyo business daily said on Tuesday...
Faced with new bid, Toshiba looks set to miss chip sale deadline
Toshiba Corp (6502.T) looks set to miss its own deadline of Aug 31 to agree an $17.3 billion sale of its chips business, a deal that would plug a gaping balance sheet hole and help the group avoid an embarrassing and...
