Earlier this week Micron company proposed $ 2.5 billion in assets for the bankrupt Japanese memory manufacturer Elpida, thus providing a exclusive right to conduct further negotiations on the pending deal .
Today, the press service of Micron officially confirmed the negotiations with Elpida. The American company considered advisable to make a statement after the approval of transaction by the District Court of Tokyo. Under the terms of corporate restructuring, Micron will sponsor and own Elpida business.
Apparently, the full terms of the deal will be announced later.