July 2, 2012 / 10:46 AM / 5 years ago

Micron to buy Elpida Memory for $750 mln

July 2 (Reuters) - Micron Technology Inc will buy failed Japanese chipmaker Elpida Memory Inc for about $750 million in cash.

Under the agreement, Micron will also pay Elpida’s creditors about $1.75 billion in future annual installments through 2019, the companies said in a statement.

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