Renesas to bag up IDT
- Author:Ella Cai
- Release on:2018-09-03
Renesas is looking at buying IDT for $6 billion, reports the Nikkei.
Renesas is engaged in something of a renaissance under CEO Bunsei Kure (pictured) who took over in May 2016.
In February 2017, Renesas bought Intersil for $3.2 billion.
Five years before that, in 2012, Renesas had to be bailed out by the Japanese government with the bail-out fund INCJ taking a two thirds stake in Renesas for $1.8 billion.
At that time KKR, the New York private equity outfit, was stalking Renesas.
In Q2 Renesas had sales of $1.8 billion at a gross margin of 45%.
Renesas is engaged in something of a renaissance under CEO Bunsei Kure (pictured) who took over in May 2016.
In February 2017, Renesas bought Intersil for $3.2 billion.
Five years before that, in 2012, Renesas had to be bailed out by the Japanese government with the bail-out fund INCJ taking a two thirds stake in Renesas for $1.8 billion.
At that time KKR, the New York private equity outfit, was stalking Renesas.
In Q2 Renesas had sales of $1.8 billion at a gross margin of 45%.
