Toshiba plans to complete the chip business selling board meeting in the 20th
Although, according to people familiar with the partner western digital electronic opposition, but Toshiba plans to board meeting held on September 20th, completed its memory-chip business sale to bain capital lead consortium deal.
according to people familiar with the Toshiba's efforts to face resistance, because now bain capital lead consortium includes the Seagate technology, Kingston technology and hynix several western digital electronic rivals.
Western digital electronics and KKR group teamed up with trying to buy Toshiba chip business, but last week, Toshiba chose bain party as its memory-chip business preferred bidder, and the hard at a final agreement, signed a memorandum of understanding.
Toshiba sold its chip business talks has been underway for months, and to enter the United States disastrous move paid the price in the field of nuclear power.The company needs to raise funds in order to avoid the stock before march delisted from the Tokyo stock exchange.(chips) auction is due to the complexity of several legal action from the west.
Westen believe because its and Toshiba in the chip business cooperation relations, it should have veto power in any sale.Toshiba has different opinions, and citing intervention auction to the west for a claim to more than $1 billion.
One of the people familiar with the matter said, Toshiba board maybe unable to reach a final agreement this week, if not next week to discuss this problem.A spokesman for the Toshiba Kaori Hiraki said on Sunday that she could not comment on the deal details.
A few weeks ago, due to the support from the Japanese ministry of economy, western digital electronic support KKR group is on the brink of winning the auction., according to people familiar with the Toshiba chip, head of Yasuo Naruke and several other executives to resist western digital's proposal.
According to research firm IDC data, western digital electronic flash memory chip market share of 13% last year.
One of the people familiar with the matter said, hynix initially will only provide to consortium led by bain capital debt assets to minimize antitrust scrutiny.The people and said that the south Korean company will have a later bought Toshiba chip business about 15% of the options.
Bain capital of the joint managing partner John Connaughton confirmed that the company is working with apple and dell, but he did not disclose the details of the negotiations.
Bain capital has released a statement confirmed that Seagate and Kingston partner status.The us company said it would respect western digital electronics in terms of the contract, but urged it to "western digital electronics in rights" hand too far ".
Toshiba has missed a few set itself a deadline for a final agreement.In the first confirmed June after bain capital as the preferred bidder, Hitachi LTD. Said on August 31, it is working and three bidding group talks, and trying to reach a final agreement.
according to people familiar with the Toshiba's efforts to face resistance, because now bain capital lead consortium includes the Seagate technology, Kingston technology and hynix several western digital electronic rivals.
Western digital electronics and KKR group teamed up with trying to buy Toshiba chip business, but last week, Toshiba chose bain party as its memory-chip business preferred bidder, and the hard at a final agreement, signed a memorandum of understanding.
Toshiba sold its chip business talks has been underway for months, and to enter the United States disastrous move paid the price in the field of nuclear power.The company needs to raise funds in order to avoid the stock before march delisted from the Tokyo stock exchange.(chips) auction is due to the complexity of several legal action from the west.
Westen believe because its and Toshiba in the chip business cooperation relations, it should have veto power in any sale.Toshiba has different opinions, and citing intervention auction to the west for a claim to more than $1 billion.
One of the people familiar with the matter said, Toshiba board maybe unable to reach a final agreement this week, if not next week to discuss this problem.A spokesman for the Toshiba Kaori Hiraki said on Sunday that she could not comment on the deal details.
A few weeks ago, due to the support from the Japanese ministry of economy, western digital electronic support KKR group is on the brink of winning the auction., according to people familiar with the Toshiba chip, head of Yasuo Naruke and several other executives to resist western digital's proposal.
According to research firm IDC data, western digital electronic flash memory chip market share of 13% last year.
One of the people familiar with the matter said, hynix initially will only provide to consortium led by bain capital debt assets to minimize antitrust scrutiny.The people and said that the south Korean company will have a later bought Toshiba chip business about 15% of the options.
Bain capital of the joint managing partner John Connaughton confirmed that the company is working with apple and dell, but he did not disclose the details of the negotiations.
Bain capital has released a statement confirmed that Seagate and Kingston partner status.The us company said it would respect western digital electronics in terms of the contract, but urged it to "western digital electronics in rights" hand too far ".
Toshiba has missed a few set itself a deadline for a final agreement.In the first confirmed June after bain capital as the preferred bidder, Hitachi LTD. Said on August 31, it is working and three bidding group talks, and trying to reach a final agreement.