Report: Apple joins Bain Capital's bid for Toshiba's NAND business
by from Techreport on (#30V7E)
Reuters reports that Apple has joined a consortium of investors bidding to purchase Toshiba's NAND flash chip manufacturing business before the Japanese company's self-imposed sale deadline today. Toshiba's immense troubles in its Westinghouse nuclear power business have apparently cost it a fair chunk of change. In an effort to stay afloat, the company is selling off its profitable NAND manufacturing arm, which is the world's second largest manufacturer of flash chips. Apple is reportedly joining a bidding group that's led by Bain Capital and includes SK Hynix and a collection of Japanese banks.
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