Micron likely to buy Japan's ailing Elpida: report

US-based Micron Technology unveiled a deal Monday to buy troubled Japanese chip-making rival Elpida Memory for $2.5 billion, the companies said Monday.Micron, the world's fourth largest maker of microchips "signed a definitive sponsor agreement" to acquire Elpida in a plan submitted to Tokyo District Court.Under the agreement, Micron will pay 200 billion yen ($2.5 billion) "to satisfy the reorganization claims of Elpida's secured and unsecured creditors."Micron will acquire 100 percent of the equity of Elpida under the deal.

TOKYO (Reuters) - Micron Technology has won the right t

(Reuters) - Micron Technology Inc is to buy failed Japanese chipmaker Elpida M

By StockRiters:Micron Technology (MU) is poised to become the world's second-largest DRAM chip maker with the acquisition of Elpida. This acquisition will boost the DRAM (Dynamic Random Access Memory) chips portfolio of Micron. Micron focuses on PC DRAM while Elpida is mostly focused on DRAM for tablets and phones.

TOKYO (Reuters) - Micron Technology has won the right to negotiate exclusively to buy Elpida Memory Inc after offering more than 200 billion yen ($2.5 billion) for the failed Japanese chipmaker, a source with knowledge of the transaction said.

(Reuters) - Micron Technology Inc is to buy failed Japanese chipmaker Elpida Memory Inc for about $750 million in cash, pushing the U.S.

Micron Technology has won the right to negotiate exclusively to buy failed Japanese chip maker Elpida Memory Inc after offering more than 200 billion yen for the company, a person familiar with the transaction ...

TOKYO (Reuters) - Micron Technology has won the right to negotiate exclusively to buy failed Japanese chip maker Elpida Memory Inc after offering more than 200 billion yen ($2.5 billion) for the company, a person familiar with the transaction said.