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Micron to buy $500 million of Elpida shares?

Posted on Monday, January 30 2012 @ 21:59:21 CET by

DigiTimes reports Micron is rumored to buy $500 million of Elpida shares:
Micron Technology reportedly will spend at least US$500 million to buy a stake in Japan rival Elpida Memory, according to a Chinese-language Economic Daily News (EDN) report. The speculation came on the heels of various other media reports that Elpida would propose an equity tie-up with Micron with some decision to be made as soon as February.

Elpida has reiterated that it declines to comment on speculation.



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