Toshiba inks $18 billion deal to sell memory business

Toshiba's memory business has been sold for $18 billion.

@anthony256
Published Thu, Sep 28 2017 8:26 PM CDT   |   Updated Tue, Nov 3 2020 11:54 AM CST

With months and months of behind-closed-doors meetings and whispers, Toshiba has reportedly inked an $18 billion deal to sell of its chip business.

Toshiba inks $18 billion deal to sell memory business | TweakTown.com

Western Digital was reportedly in the running for Toshiba's memory division, but a consortium led by Bain Capital LP took the lead and secured Toshiba's memory business. Something of note: SK Hynix is part of this consortium, which isn't in the best interests of WD.

Japanese companies will still maintain 50% of the business, keeping the local government with smiles on their dials, while Toshiba retains a 40.2% stake in Toshiba Memory Corp. Bain Capital LP will sail ahead with 49.9% of Toshiba Memory Corporation, while Japanese medical company, Hoya Corp, takes 9.9%.

NEWS SOURCE:kitguru.net

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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