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Bain and KKR said to vie for Japanese govt support in Toshiba chip bids

Western Digital is seeking to influence the outcome and prevent Toshiba’s chip business from being sold to a competitor such as Broadcom.

San Francisco

KKR & Co and Bain Capital LP are vying for support from Japan's government in their efforts to acquire Toshiba Corp's semiconductor division as the Japanese company's board meets on Thursday to consider bids, according to sources.

The US private equity firms are...