Broadcom offers $18 billion for Toshiba’s NAND memory manufacturing division

Posted 31 March 2017 14:09 CEST by Jan Willem Aldershoff

The American private equity firm Silver Lake Partners and chip manufacturer Broadcom have made a bid of about $17,8 billion on Toshiba’s NAND memory manufacturing division.
The news comes from the Japanese business paper Nikkei which bases itself on anonymous sources. Toshiba wants to sell its NAND division to make up for the bankruptcy of its nuclear branch.
Toshiba is the second largest NAND manufacturer after Samsung. Yesterday we reported that about 10 other companies were interested in acquiring Toshiba’s NAND manufacturing unit.

It’s unclear whether Toshiba plans to sell its entire chip division or only a majority stake. Yesterday the company’s shareholder approved the split off in a 3.5 hour long emotional meeting. settings

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