[CNBC] Broadcom is seen as the preferred buyer for Toshiba's flashbusiness, sources say

Full story:
http://www.cnbc.com/2017/06/09/toshiba-flash-business-sale-broadcom-seen-as-preferred-buyer.html

Broadcom is seen as the preferred buyer for Toshiba's flash business,
sources told CNBC on Friday.

But the Japanese government is trying to put together a group that will
keep the business under a Japanese owner, and is influencing the chip
sale process, sources said. There's an expectation of a deal by the end
of the month, sources said.

Toshiba had been expected to name a winner for the chip business next
week. Sources previously told Reuters the choice has narrowed to one bid
from Broadcom and U.S. tech fund Silver Lake and another from Toshiba
chip partner Western Digital and Japanese government-related investors.

A joint venture with Western Digital has reportedly complicated the
process of selling the $18 billion business.

The Japanese company has been in flux, after delaying its financial
reports and struggling to sell its nuclear unit. Broadcom shares were
little-changed on the report of a potential deal with Toshiba.

Toshiba was not immediately available to comment on the report. Broadcom
declined to comment.

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