The board of the Japanese conglomerate is close to an agreement with a group of investors led by Bain Capital, although details must still be finalized.
Toshiba said Wednesday it would sell its memory chip business to a group led by US investor Bain Capital, in a deal worth around $18 billion and seen as crucial to keeping the Japanese conglomerate afloat. The sale to the consortiumShow More Summary
Toshiba's board signed off Wednesday on selling its computer chip business to a group led by Bain Capital Private Equity, but the deal's future remains unclear as Toshiba's U.S. joint venture partner Western Digital opposes it.
Toshiba's board has agreed to sell the company's Nand flash memory chip business for ¥2.1 trillion ($18.9 billion) to a consortium that includes private equity group Bain Capital and Apple, The Financial Times reports. At least $3 billion...Show More Summary
The long-running saga of the sale of Toshiba’s chip division appears to be finally drawing to a close. It’s today reported that Toshiba has now ended negotiations with two of the three competing bidders, leaving only the one led by Bain Capital … more…
Toshiba decided to sell its chip business to a Bain Capital-led group—which includes Apple and Dell Technologies—for more than $18 billion, although there is still opposition to the deal.
US tech titans Apple and Dell have joined a bid to buy Toshiba's memory chip business, a deal seen as key to the survival of the cash-stripped Japanese industrial conglomerate, the US investor leading the consortium has said.
As Western Digital and Toshiba continue to trade barbs about the sale process of Toshiba's NAND chip manufacturing unit, KeyBanc's Weston Twigg suggests maybe Western should think about South Korea's Hynix as a future NAND partner in place of Toshiba.
Apple is "in talks" about taking a multibillion dollar stake in Japan's Toshiba, according to a Bloomberg report on Thursday. The iPhone maker is reportedly discussing a deal that would see it put $3 billion (£2.3 billion) towards Bain...Show More Summary
In what could be Apple's largest single outside investment since its acquisition of Beats, the company is supposedly in discussions to put up around $3 billion toward Bain Capital's bid for Toshiba's memory chip business.
In the story that feels like it will never end, Bloomberg reports that Apple is mulling a $3 billion stake in Bain Captial’s bid to purchase Toshiba’s memory chip business. Apple’s involvement in deals to purchase Toshiba’s memory business has wavered, but it now seems that the company is heavily investing in Bain’s bid… more…
Toshiba Corp. has said it’s entered into a memorandum of understanding with a consortium led by Bain Capital Private Equity LP to “negotiate a mutually satisfactory definitive agreement” over the sale of its flash memory business, Toshiba Memory Corp., by the end of this month. Show More Summary
Categories: Afternoon Coffee Tags: General News The Institute for Supply Management and Thomasnet.com announced Tuesday they are seeking nominations for the fourth annual "30 Under 30 Rising Supply Chain Stars Recognition Program." Toshiba said Wednesday it is considering selling its chips unit to Bain Capital alongside chipmaker SK Hynix. Show More Summary
Western may lose its guaranteed supply of NAND flash chips as Toshiba re-enters talks with private equity Bain Capital and partners for sale of Toshiba's chip unit, shutting out Western, says Summit Redstone analyst Kinngai Chan, cutting Western shares to a Hold.
Things turn around fast in the world of NAND flash, as Toshiba said it has agreed to work with U.S. private equity firm Bain Capital on drafting an agreement for Toshiba to sell its NAND chip factories to Bain and its partners, just a day after media reports said it appeared a Western Digital-led consortium had a lock on the deal. Show More Summary
Consortium signs memoranda of understanding with Toshiba, aims to agree deal by the end of the month.
The Japanese conglomerate has been trying to unload the business as a way to strengthen its balance sheet.
The struggling Japanese company said it had signed a letter of intent to negotiate with a consortium led by Bain Capital for a deal that will be worth billions.
Toshiba's long meandering sale of its computer memory business is taking another turn, as the Japanese nuclear and electronics company's announcement of a deal with a consortium was immediately met with opposition from U.S. joint venture partner Western Digital.
A group including private-equity firm Bain Capital and Apple signed a letter of intent to buy Toshiba’s chip business for more than $18 billion.