Toshiba inks deal to sell chip unit to Bain-Apple group for $18 billion

Toshiba inks deal to sell chip unit to Bain-Apple group for $18 billion

7 years ago
Anonymous $wKBR2uNMvM

https://www.cnbc.com/2017/09/28/toshiba-sells-chip-unit-to-bain-apple-group-for-18-billion.html

Toshiba agreed Thursday to sell its chip division for 2 trillion yen ($17.7 billion) to a Bain Capital-led consortium that involves large U.S. technology firms including Apple and Dell.

Earlier this year, Toshiba shareholders gave the go-ahead for the sale of the memory business; Toshiba is the world's second largest producer of NAND flash memory — behind Samsung. And last week, the board agreed to sell the unit to the Bain consortium.