SEOUL, Feb 7 (Reuters) - South Korea’s SK Hynix Inc has submitted an initial bid to acquire a stake in Toshiba Corp’s memory chip business, a person familiar with the matter told Reuters on Tuesday.
The person said it has not been decided how much a stake SK Hynix, the world’s No. 2 memory chip maker, will acquire in Toshiba’s memory business as the deal is in early stages.
A SK Hynix spokesman declined to comment, and Toshiba could not be immediately reached for comment.
Reporting by Se Young Lee; Editing by Chris Reese