Toshiba chip business set for $18B sale to Bain-led group backed by Apple

Toshiba chip business set for $18B sale to Bain-led group backed by Apple

7 years ago
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https://techcrunch.com/2017/09/28/toshiba-chip-business-set-for-18b-sale-to-bain-led-group-backed-by-apple/

The long-running saga over the future of Toshiba’s memory chip business — the world’s second largest supplier of NAND memory used in phones and PCs — took a big step forward after the Japanese company officially agreed [PDF] to an $18 billion sale to a consortium led by Bain Capital, which includes Apple among its backers.

A deal was agreed in principle earlier this month, with rival offers led by KKR and two Japanese funds rejected, and now Toshiba’s board has given its approval.

Toshiba chip business set for $18B sale to Bain-led group backed by Apple

Sep 28, 2017, 12:13pm UTC
https://techcrunch.com/2017/09/28/toshiba-chip-business-set-for-18b-sale-to-bain-led-group-backed-by-apple/ >The long-running saga over the future of Toshiba’s memory chip business — the world’s second largest supplier of NAND memory used in phones and PCs — took a big step forward after the Japanese company officially agreed [PDF] to an $18 billion sale to a consortium led by Bain Capital, which includes Apple among its backers. >A deal was agreed in principle earlier this month, with rival offers led by KKR and two Japanese funds rejected, and now Toshiba’s board has given its approval.