Micron beats TPG, Hony to acquire Elpida
Micron Technology has beat potential investors including TPG Capital and Hony Capital to acquire Japan’s Elpida Memory for about $2.5 billion, in a move to compete against rivals in South Korea and Taiwan.
Micron agreed to acquire Elpida's equity for $750 million and pay a total of $1.75 billion in annual installment payments. The payments, which are interest-free, will end in 2019. The transaction will...
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