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Micron To Acquire Elpida For 200 Billion Yen

Micron Technology Inc. (MU) will buy bankrupt Japanese chipmaker Elpida Memory Inc. for an estimated 200 billion yen ($2.5 billion), the Nikkei newspaper said.

As much as 140 billion yen of the acquisition price will be used to pay Elpida’s debts, and about 70 percent of the Tokyo- based company’s liabilities won’t be repaid, the Nikkei reported, without saying where it got the information. Micron will invest 100 billion yen in Elpida facilities including its plant in Hiroshima, Japan, to boost output of dynamic random- access memory chips, the report said.”

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