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(AP Photo/Eugene Hoshiko

Broadcom and private equity firm Silver Lake have partnered on a $17.9 billion offer for the semiconductor unit of Japan's Toshiba Corp., according to the Nikkei business daily. At least 10 other suitors are circling the business ― both strategics and financials ― with Toshiba reportedly wanting to sign a deal before its annual shareholder meeting in June.

History: Silver Lake currently holds around a 0.4% stake in Broadcom, related to an earlier investment in Avago Technologies (which then bought Broadcom for $37 billion, but kept the target's name). Actually it was Silver Lake's second investment in Avago, having helped form the original company via the purchase of Agilent's chip business and then exiting after an IPO. Yes, Silver Lake double-dipped the chip.

Bottom line: Toshiba is selling its chip biz, in large part, to help cover write-offs from its Westinghouse nuclear unit, which filed for Chapter 11 bankruptcy earlier this week.

Go deeper

Facebook, Instagram transfer accounts, followers to Biden administration

Screenshot of official White House Facebook account.

Facebook on Wednesday confirmed that it is transferring the millions of followers of the official Facebook and Instagram White House accounts to the Biden administration.

Details: The accounts for "@POTUS," "@VicePresident" ("@VP" on Instagram) and "@FLOTUS" are having the followers from their personal Pages and accounts be transferred over. It's unclear when that transition process will be complete.

Updated 23 mins ago - Politics & Policy

Inauguration Day dashboard

Biden delivers his inaugural address on the West Front of the Capitol. Photo by Tasos Katopodis/Getty Images

President Biden has delivered his inaugural address at the Capitol, calling for an end to the politics as total war but warning that "we have far to go" to heal the country.

What's next: Biden signs executive orders and swears in day one presidential appointees in a virtual ceremony.

Mike Allen, author of AM
42 mins ago - Politics & Policy

Biden's inauguration signals a great American reset

President Biden prepares to walk the abbreviated parade route in front of the White House after the inauguration. Photo: Mark Makela/Getty Images

President Biden had exited his Cadillac with the new "46" license plates and was strolling a short stretch of Pennsylvania Avenue toward his new home when he spotted "Today" show weather legend Al Roker.

The big picture: Biden dropped Jill Biden's hand — no warning — and trotted over to the delighted Roker. POTUS gave Roker a fist bump and said, "Gotta keep doing this!" It was a very Joe moment in a day that was designed to signal a return to normality in a turbulent America.