Micron is considering buying Elpida shares

A well-known resource DigiTimes, citing a publication in the Economic Daily News, reports that Micron Technology intends to spend at least $ 500 million to purchase Elpida Memory shares.

The Japanese manufacturer Elpida Memory is currently not in the best position as a result of the protracted crisis in the market of RAM and the deterioration of economic conditions. The company also has a debt of $ 587 million, which should be paid by the end of March. In early April, you need to pay about another $ 1 billion.

Earlier, rumors appeared on the Web that Micron, Elpida and Nanya were negotiating for a merger. The decision on the transaction must be made before the end of February. Elpida is currently declined to comment.

Source: DigiTimes

The article is based on materials https://hi-news.ru/eto-interesno/micron-rassmatrivaet-vozmozhnost-pokupki-akcij-elpida.html.