Toshiba continues talks with bidders for $18 bln Memory unit sale

Toshiba Corp said late Aug 30 that it is continuing in talks with three different groups of potential buyers for Toshiba Memory Corp. One group include the Innovation Network Corp of Japan, Bain Capital Private Equity LP and Development Bank of Japan, while a second one includes Western Digital, and Hon Hai leads a third team. Toshiba said it was unable to reach a decision for its Aug 31 board of directors meeting and intends to continue discussions with the groups of bidders. Toshiba Memory is expected to sell for $18 billion, according to press reports.

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