18.9 billion price tag
Toshiba’s board has finally flogged its Nand flash memory chip unit to an international consortium led by the US private equity group Bain Capital in a $18.9 billion deal designed to rescue the Japanese conglomerate from delisting.
Considering its options
Western Digital has said that it is considering its options as Toshiba indicated it favoured a group of investors led by Bain Capital to buy the world’s second largest manufacturer of flash memory chips.
Price of sale goes up to $22.3 billion
It is starting to look like Toshiba might collect more money from the sale of its memory chip business than it expected.
Tosh may now take a better offer
Toshiba shares rose more than four percent on Wednesday Western Digital is alleged to have offered to drop out of a group bidding for its flash memory chip business to take a stronger position in their joint venture instead.
We are not like that normally
Western Digital Corp’s CEO has apologised to his counterpart at Toshiba for strained ties after the US firm sued to keep their chip joint venture from being sold to rival bidders.
Deal close to being signed
Western Digital's chief executive is in Tokyo to finalise an agreement to buy the Toshiba memory chip business, ending months of dispute over the auction.
Less than the $18 billion Tosh wanted
A consortium that includes Western Digital is offering $17.4 billion for Toshiba's memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its US nuclear business, sources said this morning
Please buy our memory making business
Troubled Toshiba Corp has said that it is prioritising talks with Western Digital to sell its memory chip business.
Temporary court order issued
Western Digital won a temporary US court order on Tuesday saying that Toshiba must allow Western Digital's employees to access databases and chip samples as part of a joint venture around flash memory chip plants in Japan.