Toshiba to focus on chip talks with Bain, but doesn't rule out other suitors

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Toshiba to focus on chip talks with Bain, but doesn't rule out other suitorsBy Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp said on Wednesday it has agreed to focus on selling its prized chips unit to a group led by Bain Capital and South Korean chipmaker SK Hynix , although it is not ruling out a deal with other bidders. The announcement came after sources told Reuters on Tuesday that Toshiba was now favoring the Bain group after failing to bridge disagreements with rival suitor Western Digital Corp . Wednesday marks the third time the embattled Japanese conglomerate has failed to meet a target date to sell the $18 billion business – the world’s second-biggest producer of NAND memory chips.

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