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Technology Stocks : WDC/Sandisk Corporation

WDC 150.21

+8.7%

Oct 31 9:30 AM EST

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To: sylvester80 who wrote (60320)	6/5/2017 7:30:20 AM
From: franklin1	Read Replies (1) of 60323

Foxconn: Apple, Amazon joining bid for Toshiba chip unit Jun. 5, 2017 7:23 AM ET\|By: Brandy Betz, SA News Editor Foxconn ( OTC:FXCOF) claims that Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) are joining the company’s bid for Toshiba’s ( OTCPK:TOSBF, OTCPK:TOSYY) chip unit. Foxconn CEO Terry Gau said the others would “chip in funds” but hasn’t provided any specifics. Foxconn previously announced teaming up with subsidiary Sharp for the Toshiba bid. Other bidders include Broadcom, KKR, and Western Digital. The Toshiba chip unit could garner $18B to $20B and help pull the tech giant out of financial turmoil caused by an accounting scandal and energy subsidiary Westinghouse Electric hemorrhaging money. Western Digital is trying to legally block any unauthorized sale of the chip unit, claiming its acquisition of SanDisk last year granted contractual consent rights to the transfer of chips – even a transfer back to Toshiba. Previously: Western Digital: Toshiba chip transfer doesn’t clear sale (June 2)

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