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KKR Group Looks to Win Philips Chip Unit
Private equity firms Kohlberg Kravis Roberts & Co. (KKR) and Silver Lake Partners appear to have won an auction for Philips Electronics NV's semiconductor division. The price could not be immediately determined but was believed to be more than 8 billion.Philips had earlier said it planned to sell or float the unit, the world's 10th largest chipmaker, by the end of 2006. Source: http://www.cnn.com
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