{"id":31584,"date":"2017-06-06T05:42:31","date_gmt":"2017-06-06T05:42:31","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=31584"},"modified":"2017-06-06T05:42:31","modified_gmt":"2017-06-06T05:42:31","slug":"toshiba-shares-rise-report-broadcom-chosen-chip-unit-buyer","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/toshiba-shares-rise-report-broadcom-chosen-chip-unit-buyer.html","title":{"rendered":"Toshiba shares rise on report Broadcom chosen as chip unit buyer"},"content":{"rendered":"<h2>\n\t<span style=\"font-size:22px;\"><strong><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba shares rise on report Broadcom chosen as chip unit buyer<\/span><\/span><\/strong><\/span><br \/>\n<\/h2>\n<p>\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Shares in Toshiba Corp (6502.T) rose as much as 4 percent in early Tuesday trading after Asahi newspaper reported it is considering giving U.S. chipmaker Broadcom Ltd (AVGO.O) the exclusive rights to negotiate to buy its prized chip unit.<\/span><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Broadcom has teamed up with U.S. buyout firm Silver Lake in its bid for the chip business, sources have told Reuters previously.<\/span><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">A Toshiba spokeswoman declined to comment on the Asahi report.<\/span><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba shares were up 2.7 percent at 262.5 yen as of 2438 GMT.<\/span><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba was forced to put its asset on the block after cost overruns at its now-bankrupt U.S. nuclear unit left it scrambling for cash.<\/span><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:8px;\"><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Source:-&nbsp;http:\/\/www.reuters.com\/article\/us-toshiba-accounting-idUSKBN18X037<\/span><\/span><\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/toshiba-shares-rise-report-broadcom-chosen-chip-unit-buyer.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Toshiba shares rise on report Broadcom chosen as chip unit buyer Shares in Toshiba Corp (6502.T) rose as much as 4 percent in early Tuesday trading after Asahi newspaper reported it is considering giving U.S. chipmaker Broadcom Ltd (AVGO.O) the exclusive rights to negotiate to buy its prized chip unit. 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