Struggling Japanese electronics company Toshiba says it has signed a deal to sell its memory chip unit to a group led by US private equity firm Bain Capital. The deal is worth about 18 billion dollars.
Struggling Japanese electronics company Toshiba says it has signed a deal to sell its memory chip unit to a group led by US private equity firm Bain Capital. The deal is worth about 18 billion dollars.
Four US companies, including Apple and Dell, will join Bain in the acquisition. But they will not get any common stock or voting rights. Toshiba itself and optical glass firm Hoya are putting up some of the money needed for the takeover. The 2 companies will have a combined 50.1 percent of the voting rights.
