COMPTia: Toshiba Acquisition SK Group Striving to Acquire Toshiba
SK Group chairman Chey Tae-Won expressed his strong will to take over Toshiba on April 13. At present, approximately 10 companies are trying to do so and the most promising candidates include SK Hynix, Hon Hai Precision Industry, Western Digital and the consortium of Broadcom and Silver Lake Partners.
Apple is considering an investment of billions of dollars or a joint investment with Hon Hai Precision Industry in order to acquire 20% of its shares scheduled to be sold, too. Western Digital, a joint venture partner in the semiconductor business of Toshiba, recently requested exclusive negotiations rights, claiming that the sale of the semiconductor business to a third party constitutes a breach of contract.