Home Deals Apple, Dell and Bain likely buyers of Toshiba flash memory unit

Apple, Dell and Bain likely buyers of Toshiba flash memory unit

A consortium comprising Apple, Dell Technologies and Bain Capital has reportedly agreed to acquire Toshiba's NAND flash memory manufacturing unit.

But the parties had not yet come to a definitive agreement, according to a report from The Wall Street Journal.

Toshiba is looking to cover the US$9 billion of losses at its Westinghouse Electric Company which went into bankruptcy in March.

Apple is said to be putting US$3 billion into the deal, which would make it the company's biggest contribution to an acquisition since it bought Beats Electronics in 2014 for US$3 billion.

The report said that Toshiba had broken off talks with both Western Digital and Foxconn.

On 13 September, Toshiba signed a memorandum of understanding with the consortium with the sale price being put at US$18 billion.

Western Digital's response to the MoU was to say that it was surprised the signing had gone ahead, "without SanDisk’s consent, as the language in the relevant joint venture agreements is unambiguous, and multiple courts have ruled in favour of protecting SanDisk’s contractual rights."

To this, Toshiba responded by claiming that Westerbn Digital "persistently overstates its limited consent rights in public statements".

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Sam Varghese

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A professional journalist with decades of experience, Sam for nine years used DOS and then Windows, which led him to start experimenting with GNU/Linux in 1998. Since then he has written widely about the use of both free and open source software, and the people behind the code. His personal blog is titled Irregular Expression.

 

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