Toshiba negotiates sale of its NAND arm to Bain Capital-led group
by from Techreport on (#32141)
Toshiba has announced that it's entering negotiations with a bidding group led by American investment capital company Bain Capital to purchase its silicon manufacturing business over objections from manufacturing partner Western Digital. Bain's group also includes South Korean chip manufacturer SK Hynix and a pair of investment groups backed by the Japanese government. The group's offer is reportedly worth 2.4 trillion (about $22 billion), including 200 billion ($1.8 billion) earmarked for infrastructure. Toshiba had previously chosen a Bain-led group of investors in June before lawsuits from WD apparently spoiled the deal.
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