Better estimate: Japan's Toshiba Corp raised its operating profit estimate to ¥95bil (RM3.8bil) for the April-September period. — Reuters
TOKYO: Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to help avoid being crippled by an upcoming multi-billion dollar writedown.
The industrial conglomerate has distributed non-disclosure agreement forms to various funds including private equity firm Silver Lake, said one of the people.
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