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The Singapore-based company said it had profit of $1.05 per share. Earnings, adjusted for one-time gains and costs, came to $3.69 per share. The results exceeded Wall Street expectations. The average estimate ...
Apple is considering a range of multibillion-dollar options to help keep Toshiba’s flash memory business intact , Bloomberg reports. Toshiba is eager to sell off part of its flash memory chip business to help keep the company afloat as it deals with billions of dollars of other losses. Cupertino-based Apple (AAPL) would reportedly take a stake of more than 20 percent in Toshiba’s chip operations, but leave enough equity on the table that Toshiba would retain control of the business.
Broadcom Ltd offered about 2.5 trillion yen ($23 billion) for Toshiba Corp's chip unit, the highest among 10 or so bidders who participated in the first round of offers, a source briefed on the matter said. Taiwan's Foxconn made the second highest offer, of about 2 trillion yen, the source said, declining to be identified as he was not authorised to speak on the matter publicly. Broadcom and Foxconn were among four suitors selected to proceed to the second round, several sources said, adding that Broadcom has partnered with U.S. private equity firm Silver Lake Partners LP.