Toshiba names Bain as buyer
 

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.

The deal includes a $3 billion by Apple and smaller commitments from Dell, Seagate, Kingston and the South Korean chipmaker SK Hynix. Some minor details need to be sorted out but that should be done by the end of the day.

http://fudzilla.com/news/memory/4454...-bain-as-buyer