Daily Management Review

Toshiba awards Bain-led consortium the rights to purchase its NAND chip business


Despite the appearance of finality to the matter, there still lurks an element of uncertainty given Western Digital Corp’s earlier position on the matter.

As per three sources with knowledge of the talks, Toshiba Corp has selected U.S. private equity firm Bain Capital to buy its NAND chip business.
Despite this decision, it is still unclear whether Toshiba’s joint venture partner Western Digital Corp, a rival suitor which has initiated legal action on the grounds that no deal is allowable without its consent, will allow this deal to go through.
According to sources, the Bain-led consortium has offered $22 billion for Toshiba’s NAND semiconductor business.
The consortium includes, Apple Inc, Dell Inc, Seagate Technology Plc, SK Hynix Inc and Kingston Technology.
As per Hideki Yasuda, an analyst at Ace Research Institute, the constituents of the consortium could spell trouble ahead.
“The large number of stakeholders could complicate decision-making and slow down key investment decisions,” said Yasuda while adding that the participation of Toshiba clients would also sap the ability of the chips business to negotiate competitively on pricing.
As per another source, the official announcement by Toshiba on the deal has got held up since it is still awaiting commitment letters from all members of Bain’s consortium.
While a representative from Bain was not immediately available for comment, Toshiba and SK Hynix declined to comment.

Science & Technology

Over 500 Genes Impacting Intelligence Identified By Scientists

MIT Scientists Say It Could Be Just 13 Years For Commercialization Of Nuclear Fusion

Apple patents MacBook with a keyboard screen

Vero: An Instagram killer?

Wacky Weather Causes ‘Split In The Polar Vortex’

Smart And Adaptive Artificial Eye Developed By Researchers At Harvard

NASA’s Mars Mission To Make Use Of Cold War-Era Atomic Rockets

Israel Completes Mars Habitat Simulation Experiment

Just $24 Earned By Hackers From The Huge Cryptojacking Campaign Conducted Last Week

New Molecule That Quickly Fights Cancer Cells Identified By Swedish Scientists

World Politics

World & Politics

Christine Lagarde: there’s no winner in trade wars

10 best countries for freelancers

Alarming Concerns Or Driving Force Towards Green Energy? – Bitcoin Growth Comes At Environmental Cost

Catalan authorities refuse to greet the King of Spain

Ten Top Politicians To Be Investigated By Greek Parliament On Charges Of Taking Bribes From Novartis

The cloudy future of Saudi Arabia

Australia To Welcome Britain On The Latter’s Interest In Joining TPP

South African President Zuma Finally Resigns, New President To Be Elected Soon