Toshiba and a consortium led by Bain Capital signed a deal Friday for the sale of the Japanese electronics company’s computer memory chip business, a move long opposed by Toshiba’s United States joint venture partner Western Digital.
The consortium includes Apple and Dell Technologies as US investors, who will not acquire common stock or voting rights over the business.
The sale of Toshiba Memory is priced at 2 trillion yen (NZ$24 billion).
The deal was widely expected as Tokyo-based Toshiba, which also has railroad and nuclear energy units, had announced it earlier, and the board signed off on it last week.
from Eve’s Feed http://www.stuff.co.nz/technology/97373950/Troubled-Toshiba-sells-memory-chip-business-for-24-billion
from
https://evewilki1971.wordpress.com/2017/09/29/troubled-toshiba-sells-memory-chip-business-for-24-billion/
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