Apple & Bain complete $18B acquisition of Toshiba memory chip unit

The purchase of beleaguered Toshiba's memory group, long in limbo, is now complete, with Apple joining Bain, Dell, Seagate, and others to seal the deal.

Stephen Silver 8 years ago 17

Apple supplier Toshiba gets China's approval to execute $14B memory chip unit sale

Toshiba has received approval from the Chinese government to sell a majority stake of its chip unit, in a move that could affect dealings for the NAND flash memory used in iPhones and other Apple devices.

Roger Fingas 8 years ago 8

Toshiba settles dispute with Western Digital, clears way for Bain deal

In a joint announcement issued on Tuesday, Toshiba and Western Digital said they will settle a dispute over the Japanese firm's plans to sell its memory chip unit to a consortium led by Bain Capital, signaling an end to the long-running saga is near.

Mikey Campbell 8 years ago 2

Toshiba picks Bain consortium as winner for its memory unit, likely backed by Apple

Toshiba on Wednesday announced an $18 billion agreement to sell its memory chip business to a group of companies led by U.S. equity firm Bain Capital, one prominent backer likely being Apple.

Roger Fingas 8 years ago 8

Apple mulling $3B investment in Bain bid for Toshiba chip business, report says

In what could be Apple's largest single outside investment since its acquisition of Beats, the company is supposedly in discussions to put up around $3 billion toward Bain Capital's bid for Toshiba's memory chip business.

AppleInsider Staff 8 years ago 9

Toshiba to sell chip unit to Western Digital for $18.3B, report says

A new report claims Toshiba will sell its memory chip business to a consortium led by technology partner Western Digital, potentially ending a contentious months-long search for a buyer that included candidates Apple and its manufacturing partner Foxconn.

AppleInsider Staff 8 years ago 4

Proposed deal would give Foxconn 25%, Apple 20% of Toshiba's chip division

Foxconn is pressing hard for a deal that would give it 25 percent of Toshiba's chip manufacturing business — an arrangement that would end up with Apple controlling 20 percent of the equity as well.

Mike Wuerthele 8 years ago 14

Toshiba chip business sale process continues, with Apple-backed Bain Capital offering $17.4 billion

In a last-minute effort to secure Toshiba's chip manufacturing business before another deadline passes, Bain Capital in conjunction with Apple has reportedly placed a bid of $18.2 billion.

Mike Wuerthele 8 years ago 0

Apple's 'iPhone 8' to come with 64, 256 or 512GB of storage, 3GB of RAM - report

Apple is planning to ramp up storage options across the board with this fall's "iPhone 8," selling 64-, 256-, and 512-gigabyte models, according to a Chinese report.

Roger Fingas 8 years ago 40

Toshiba in talks with Western Digital, Apple-backed Foxconn consortium about chip unit sale

Despite having picked another group as the preferred bidder for its memory business, Toshiba is reportedly talking to two other interested parties as well — Western Digital, and a Foxconn consortium including Apple, Dell, and Kingston.

Roger Fingas 8 years ago 0

Toshiba sues Western Digital for $1.07B to keep sale of memory chip unit on track

Toshiba on Wednesday filed a $1.07 billion lawsuit against Western Digital in Tokyo District Court, trying to halt any intervention in the sale of Toshiba's memory chip business to a consortium including Bain Capital and Japanese government investors.

Roger Fingas 8 years ago 10

$18 billion deal for Toshiba's memory division further challenged by Western Digital

Extending the saga even further, Western Digital has notified Toshiba's board of directors that it formally opposes Toshiba's sale of its memory division to any group that has ties to its primary competitor SK Hynix — and the favored consortium is relying on funding from it.

Mike Wuerthele 8 years ago 11

Foxconn CEO insists that his investment group still has '50% chance' of landing Toshiba deal

Refuting speculation that the deal to buy Toshiba's memory division is effectively done. Foxconn Chairman Terry Gou declared on Friday that he expects that his company still has a '"50 percent chance" of winning.

Mike Wuerthele 8 years ago 1

Apple supplier Foxconn planning $10B US investment, eyeing six states for display plant

Apple's main assembly partner, Foxconn, is reportedly planning to invest $10 billion or more across several U.S. states, although the company is still deciding on which ones — including where to put a $7 billion display plant.

Roger Fingas 8 years ago 7

Toshiba selects winning bidder for chip business, rules out Apple/Dell/Foxconn consortium

Toshiba has chosen a consortium formed by Bain Capital, Mitsubishi, and Japanese government investors as the preferred bidder for its memory chip business, effectively locking out a Foxconn-led consortium including the likes of Apple and Dell.

Roger Fingas 8 years ago 3

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