Toshiba Memory, the world’s second biggest NAND chip producers, will need to a host of technologies under its belt before it can produce next generation memory chips. On Monday, Bain Capital, which led a consortium of companies in the $18 billion acquisition of Toshiba’s NAND memory business, stated it will support “the business in pursuing…
The completion of the sale was way ahead of the expected time frame of end-March. Chinese antitrust authorities extensively reviewed the deal before providing its approval. On Friday, Japan’s Toshiba Corp stated, it had completed the $18 billion sale of its NAND memory chip unit to a consortium led by U.S. private equity firm Bain…
The roller-coaster ride that Toshiba is going through with its memory business, that is inextricably linked to its U.S. nuclear power business, could eventually result in the launch of an IPO for Toshiba Memory, if it fails to win regulatory approval for its sale to the Bain Capital0-led consortium before March 2018. On Monday, the…
Among Western Digital concerns for blocking Toshiba’s NAND memory sale was that its direct competitors, Seagate Technologies and SK Hynix will gain access to proprietary information from the acquisition. Here is how these concerns have been addressed by Bain Capital. As per a documents from Bain Capital LP, the leader of the group that is…
Asatsu-DK Inc is Japan’s third largest advertising agency. Bain has stated it will step away from its bid if it fails to acquire a stake larger than 50.1% in the company. In what could potentially be one of Japan’s largest buyouts this year, Bain Capital, a U.S. private equity firm disclosed it purchase Asatsu-DK Inc,…
Toshiba is now facing pressures from Apple Inc, which is demanding new terms on supply of chips in return for funding. On Wednesday, SK Hynix Inc stated its board had approved its participation in a Bain Capital-led consortium that plans to purchase Toshiba Corp’s memory chip unit for $17.7 billion (2 trillion yen) . As…
Toshiba needs to desperately divest its chip making business. Negotiations with investors led by Bain Capital appear to be chugging alone steadily. On Wednesday, in a significant development, Toshiba Corp disclosed it has signed a memorandum to accelerate negotiations for selling its memory chip business to a group of investors led by private equity firm,…
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