Bain - which on Thursday acquired 87 per cent stake in Asatsu-DK Inc in a tender offer - seeks to revamp Japan’s No. 3 agency to better compete with
Apple is interested in the chip unit because of the strategic importance of flash memory.
Japanese banks are following the nation’s largest insurance companies in considering more alternative assets as choices narrow.
The Bain group wants to make payments after Toshiba resolves a legal dispute with Western Digital.
Cool Japan-backed 500 Startups was earlier hit by allegations of harassment.
US chipmaker Broadcom is the other leading contender in the race.
This is the first time the government has directly backed a non-Japanese VC firm.
More focus on deals, less on valuations, is the reason in some cases.
Western Digital CEO to travel to Tokyo next week to meet Toshiba president Satoshi Tsunakawa.
Toshiba is in favor of the proposal from KKR and Innovation Network Corp. of Japan
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