Japan’s embattled Toshiba Corp said it would continue negotiating with three bidding groups for its prized memory chip unit, failing to seal a deal by its self-imposed deadline of Thursday.
TOKYO (Reuters) – Japan’s embattled Toshiba Corp said it would continue negotiating with three bidding groups for its prized memory chip unit, failing to seal a deal by its self-imposed deadline of Thursday.
Toshiba’s board met earlier in the day to review a $17 billion offer by a consortium led by Western Digital, as well as bids from groups led by Bain Capital and by Hon Hai Precision Industry.
« Toshiba intends to continue negotiations with possible bidders to reach definitive agreement which meets Toshiba’s objectives at the earliest date, » it said in a statement.
