Sources have said that the Bain group also included Apple, Dell, memory product maker Kingston and data storage firm Seagate, and the offer was worth 2.4 trillion yen ($22 billion), including a 200 billion yen investment in infrastructure.
In the latest move, Toshiba said it entered a memorandum of understanding with Bain Capital Private Equity, which leads the consortium that also includes South Korea’s SK Hynix, and hoped to enter a final decision by the end of this month.
Toshiba Corp., whose sale of its chip unit is being challenged in court by manufacturing partner Western Digital Corp., agreed to hold off closing the deal until a hearing on July 28. Toshiba will proceed with negotiations and contract signing in the meantime, the company said in a statement.
Toshiba Corp. has told partner Western Digital Corp. to stop interfering in plans to sell its memory chip business
Toshiba Corp. temporarily canceled all meetings and decisions related to the sale of its memory chip business to address concerns raised by an industry partner.
Apple is actively looking at options for helping the troubled Japanese company by investing in its semiconductor unit, which has been put up for sale.
Toshiba and Japanese government want to sell the company’s semiconductor business within the country but foreign bidders are more determined and aggressive in the auction to acquire the business.
Google and Amazon joined a list of potential buyers eyeing Toshiba’s lucrative memory chip business as the company seeks bidders to cover huge losses.
Toshiba Corp will sell its image sensor business to Sony Corp for around 20 billion yen ($164.68 million)
Toshiba Satellite Radius 12 is the world’s first Windows 10 convertible laptop with 4K UHD display
Toshiba Portégé Z20t is a lightweight ultraportable powered by an Intel Core M processor priced at Rs 1,30,000
Toshiba is looking forward to leverage Internet of Things (IoT) and use clean energy to control basic infrastructures.
The Toshiba WT-8 runs on Intel Atom Processor Z3735G with 1GB DDR3L RAM and 32GB internal storage.
This is the world’s first Ultra HD 4K laptop. But for regular users, there is no need to hurry.
Toshiba also launched a complete range of laptop including the very affordable L series with prices as low as Rs 25,785