Abu Dhabi state-owned fund Aabar has teamed up with South Korea's STX Corporation to bid for the world's No. 2 memory chipmaker Hynix Semiconductor, a source said.

'Aabar is fine-tuning investment details with STX and three or four small funds will come along with it,' the source revealed on Wednesday.

The Aabar-STX collaboration comes as the sale of Hynix is in doubt with shareholders yet to agree bid structure.-Reuters