Thursday, 21 September 2017 06:26

Apple, Dell and Bain likely buyers of Toshiba flash memory unit

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A consortium comprising Apple, Dell Technologies and Bain Capital has reportedly agreed to acquire Toshiba's NAND flash memory manufacturing unit.

But the parties had not yet come to a definitive agreement, according to a report from The Wall Street Journal.

Toshiba is looking to cover the US$9 billion of losses at its Westinghouse Electric Company which went into bankruptcy in March.

Apple is said to be putting US$3 billion into the deal, which would make it the company's biggest contribution to an acquisition since it bought Beats Electronics in 2014 for US$3 billion.

The report said that Toshiba had broken off talks with both Western Digital and Foxconn.

On 13 September, Toshiba signed a memorandum of understanding with the consortium with the sale price being put at US$18 billion.

Western Digital's response to the MoU was to say that it was surprised the signing had gone ahead, "without SanDisk’s consent, as the language in the relevant joint venture agreements is unambiguous, and multiple courts have ruled in favour of protecting SanDisk’s contractual rights."

To this, Toshiba responded by claiming that Westerbn Digital "persistently overstates its limited consent rights in public statements".

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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