{"id":32027,"date":"2017-06-10T09:57:36","date_gmt":"2017-06-10T09:57:36","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=32027"},"modified":"2017-06-10T09:57:36","modified_gmt":"2017-06-10T09:57:36","slug":"western-digital-raise-toshiba-chip-offer-18-billion","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/western-digital-raise-toshiba-chip-offer-18-billion.html","title":{"rendered":"Western Digital to raise Toshiba chip offer to $18 billion or more"},"content":{"rendered":"<h2 style=\"text-align: justify\">\n\t<span style=\"font-size:22px\"><strong><span style=\"color:#000000\"><span style=\"font-family:arial,helvetica,sans-serif\">Western Digital to raise Toshiba chip offer to $18 billion or more<\/span><\/span><\/strong><\/span><br \/>\n<\/h2>\n<p style=\"text-align: justify\">\n\t<span style=\"color:#000000\"><span style=\"font-size:18px\"><span style=\"font-family:arial,helvetica,sans-serif\">Western Digital Corp (WDC.O) plans to raise its offer for Toshiba Corp&#039;s (6502.T) prized semiconductor unit to 2 trillion yen ($18 billion) or more, a person familiar with the matter said, marking a last-ditch effort to clinch a deal that both companies consider vital.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify\">\n\t<span style=\"color:#000000\"><span style=\"font-size:18px\"><span style=\"font-family:arial,helvetica,sans-serif\">The U.S. chipmaker&#039;s new offer, to be presented by Thursday when the struggling Japanese conglomerate is to decide a preferred bidder for its Toshiba Memory Co unit, will be in the form of a debt purchase, to avoid antitrust concerns over the proposed purchase of the world&#039;s second-largest producer of NAND memory chips, the person told Reuters on Saturday.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify\">\n\t<span style=\"color:#000000\"><span style=\"font-size:18px\"><span style=\"font-family:arial,helvetica,sans-serif\">A spokesman for Western Digital had no comment. Toshiba could not immediately be reached for comment.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify\">\n\t<span style=\"color:#000000\"><span style=\"font-size:18px\"><span style=\"font-family:arial,helvetica,sans-serif\">Toshiba had set a 2 trillion yen threshold for the sale. It is rushing to find a buyer to cover billions of dollars in cost overruns at its now-bankrupt U.S. nuclear business Westinghouse Electric Corp.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify\">\n\t<span style=\"color:#000000\"><span style=\"font-size:18px\"><span style=\"font-family:arial,helvetica,sans-serif\">Western Digital has been bidding in a consortium led by a Japanese government-backed fund, but Toshiba on Friday expressed dissatisfaction with that bid.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify\">\n\t<span style=\"color:#000000\"><span style=\"font-size:18px\"><span style=\"font-family:arial,helvetica,sans-serif\">Toshiba has been favoring a rival bid from U.S. chipmaker Broadcom Ltd (AVGO.O), which has partnered with U.S. private equity firm Silver Lake to offer 2.2 trillion yen, people familiar with the matter have told Reuters.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify\">\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-idUSKBN1910CA<\/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\/western-digital-raise-toshiba-chip-offer-18-billion.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>Western Digital to raise Toshiba chip offer to $18 billion or more Western Digital Corp (WDC.O) plans to raise its offer for Toshiba Corp&#039;s (6502.T) prized semiconductor unit to 2 trillion yen ($18 billion) or more, a person familiar with the matter said, marking a last-ditch effort to clinch a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":32028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[12115,6515,5069,3299,547,19788],"class_list":["post-32027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-accounting","tag-mergers","tag-toshiba","tag-united-states","tag-us","tag-western-digital-to-raise-toshiba-chip-offer-to-18-billion-or-more"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/32027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=32027"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/32027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/32028"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=32027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=32027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=32027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}