Toshiba drops out of bidding for Elpida: sources

TOKYO (Reuters) - Toshiba Corp is no longer bidding for bankrupt Japanese chip maker Elpida Memory, sources close to the talks said, leaving a handful of foreign firms including SK Hynix and Micron Technology in the race to take over the company. Toshiba has decided not to join the second round of bidding set for Friday after talks stalled on a joint bid with potential partners, including South Korea's SK Hynix, the sources told Reuters on Tuesday. Toshiba's withdrawal was a relief to its investors, who questioned the merits of a bid for Elpida, the world's No. ...