0
General

Toshiba agrees sale of memory business to Bain group for JPY 2 trillion

Thursday 21 September 2017 | 09:02 CET | News
Toshiba has reached an agreement to sell its memory chip business to a consortium led by Bain Capital for JPY 2 trillion. The company aims to complete the sale by March 2018, bringing to an end its negative equity and improving its balance sheet considerably.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Toshiba / Western Digital
Countries: Japan / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Toshiba Memory to rebrand as 'Kioxia'

Published 19 Jul 2019 09:42 CET | Japan
Toshiba Memory has announced that it will officially change its name to Kioxia on 1 October. The name Kioxia (kee-ox-ee-uh) will ...

Toshiba wins Chinese approval for memory chip sale, deal to close by June

Published 17 May 2018 14:33 CET | China
Toshiba has secured approval from Chinese antitrust authorities to go ahead with the sale of its memory chip business to a ...

Toshiba may abandon memory chip sale to Bain consortium - report

Published 08 May 2018 14:57 CET | World
Toshiba has "mostly given up" on its agreed sale of its memory chip unit, as Chinese competition clearance appears increasingly ...

Toshiba still hoping to close sale of memory chip business asap

Published 23 Apr 2018 10:55 CET | Japan
Addressing uncertainty in the market regarding the sale of its memory chip business, Toshiba said it still intends to close the ...

Toshiba expects further delays to completion of Memory business sale

Published 30 Mar 2018 11:40 CET | Japan
Toshiba has pushed the date it believes it will be able to close the sale of its memory chip business. The company now expects ...

Toshiba memory chip sale delayed by regulators

Published 26 Mar 2018 08:54 CET | World
Toshiba said it's still awaiting regulatory clearance from China on the planned sale of its memory chip business. The company ...

Toshiba hires outsider as new CEO

Published 14 Feb 2018 09:18 CET | World
Toshiba announced the appointment of Nobuaki Kurumatani as its new CEO and chairman from 01 April. Satoshi Tsunakawa will ...

Toshiba, WD end all ligitation, start new flash memory cooperation

Published 13 Dec 2017 08:47 CET | World
The parties will strengthen their flash memory collaboration by extending the terms of their joint ventures. Flash Alliance will ...

Toshiba, Western Digital end dispute over sale of memory ops

Published 12 Dec 2017 10:41 CET | World
Toshiba and Western Digital have settled their dispute over the planned sale of Toshiba's memory business to Bain for JPY 2 ...

Toshiba closes financing that will help remedy hole left by Westinghouse project

Published 05 Dec 2017 11:10 CET | World
Toshiba said it has closed a financing transaction that it will use to fulfil its obligations regarding the nuclear power ...

Toshiba mulls JPY 600 bln offering - report

Published 10 Nov 2017 15:54 CET | World
Toshiba may launch a new share offering of JPY 600 billion if the sale of its memory business to Bain Capital for JPY 2 trillion ...

Toshiba to accelerate investment in memory production capacity

Published 09 Nov 2017 12:31 CET | Japan
Toshiba announced plans to accelerate investment in expanding its memory production capacity. In October the company said it ...

Toshiba shareholders approve sale of memory chip business

Published 24 Oct 2017 09:28 CET | World
Shareholders of Toshiba have approved the sale of its semiconductor division to the Pangea consortium led by Bain Capital Private ...

Bain will seek IPO of Toshiba's memory business - report

Published 29 Sep 2017 09:50 CET | World
The consortium led by Bain Capital, which recently agreed to buy Toshiba's memory chip business, plan to offer launch an IPO ...

Toshiba confirms SK Hynix, Apple to invest in memory business

Published 28 Sep 2017 11:24 CET | World
Toshiba's board has approved an agreement to sell the company's memory chip business to a consortium led by Bain Capital and ...

Toshiba signs MoU with Bain consortium on memory chip business sale

Published 13 Sep 2017 08:51 CET | Japan
Toshiba announced a memorandum of understanding with a consortium led by Bain Capital to buy its memory chip business. The ...

Toshiba closer to selling memory chip ops to WD, for JPY 2 tln - report

Published 12 Sep 2017 09:56 CET | World
Toshiba could soon announce the sale of its memory chip unit to a consortium led by Western Digital for about JPY 2 trillion (USD ...

WD offers compromise on sale of Toshiba memory arm - report

Published 06 Sep 2017 10:38 CET | World
Western Digital has put forward a new offer for Toshiba's flash memory activities that would give the American company less of a ...

Toshiba still in talks with 3 potential bidders for memory business

Published 31 Aug 2017 08:41 CET | World
Toshiba said it has yet to decide on a buyer for its memory chip business. Media reports suggested the company would take a ...

Toshiba restarts sale of memory ops after hitting deal with SanDisk

Published 31 Jul 2017 11:09 CET | Japan
Toshiba said has reached a deal with Western Digital unit SanDisk that recognises Toshiba's right to negotiate and sign the sale ...

Toshiba, Western Digital spar around memory unit sale

Published 16 May 2017 09:11 CET | World
Toshiba CEO Satoshi Tsunakawa has said the company has the right to sell its memory-chip business, including a stake in a joint ...