Report: Micron wins exclusive right to buy Elpida
Read this week's issue - May 7, 2012
U.S. memory chip vendor Micron Technology Inc. has won the exclusive right to negotiate to buy failed Japanese DRAM vendor Elpida Memory Inc. after offering more than $2.5 billion, according to a report by the Reuters news service.
Part of the $2.5 billion bid will go toward paying down Elpida's debt load, which stands at about $5.5 billion, according to the Reuters report. The report quoted an anonymous source. That source also speculated that Micron's bid may be too low for Elpida to accept.
Read more in the May 7, 2012 EETimes article "Report: Micron wins exclusive right to buy Elpida"