Bain-led consortium in last-minute $18 billion bid for Toshiba chip unit: NHK

Reuters  |  TOKYO 

TOKYO (Reuters) - A consortium led by Bain Capital and including Apple Inc has offered a revised last-ditch bid for Corp's prized memory chip unit worth $18 billion, Japanese broadcaster NHK reported.

Under the new proposal, Bain and would both hold 46 percent each of the unit, NHK said, adding that talks between the Japanese conglomerate and a Western Digital Corp-led consortium have stalled.

said it could not comment on the chip sale process. Representatives for Bain and Apple were not immediately available for comment.

The Bain consortium is offering 2 trillion yen ($18.2 billion) for the unit, of which Apple would provide 300 billion yen, NHK said.

($1 = 109.8800 yen)

(Reporting by Makiko Yamazaki; Additional reporting by Naomi Tajitsu and Junko Fujita; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 30 2017. 15:15 IST