Western Digital seeks Y50 billion from Apple to help finance Toshiba chip bid: Kyodo

Reuters  |  TOKYO 

TOKYO (Reuters) - A group including Western is seeking around 50 billion yen ($464 million) from Inc to help a bid for Corp's memory chip unit, Kyodo agency reported on Friday.

Western Digital, which jointly invests in Toshiba's key chip plant, is leading a $17-18 billion bid for the chip business, sources have said. The sources said earlier in the week that the U.S. firm offered to step back from the consortium's financing in return for a stronger position in their joint venture.

A Western spokeswoman said it could not comment on details of the talks.

($1 = 107.6800 yen)

(Reporting by Makiko Yamazaki and Ritsuko Ando; Editing by Shri Navaratnam)

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

First Published: Fri, September 08 2017. 13:03 IST