Bain, SK Hynix raise Toshiba chip unit bid to $22 bn: Report
A group including Bain Capital and South Korea's SK Hynix has raised its offer for Toshiba's chip unit to $22.3 billion, according to reports. US-based Western Digital, who led the bid at $17.6 billion, has reportedly dropped out of the running. Toshiba is selling its storage business to cover up for losses in its Westinghouse nuclear business.