Toshiba board agrees to sell memory business to Bain-led group

Wednesday, the board of reeling technology giant Toshiba announced that it has approved the $18 billion sale of the company’s flash memory operation, Toshiba Memory Corporation (TMC), to a group of buyers that includes American venture capital firm Bain Capital, and a pair of government-owned Japanese organizations, the Innovation Network Corporation of Japan, the New […]
  • 10 Months ago

Toshiba Receives High Bids On Its Chip Business

The Japanese corporation, Toshiba, has been looking to raise around 300 billion yen from the sale of 19.9 percent stake toward its flash memory chip business. So far, Toshiba has only received bids of 200 million yen to 400 million yen ($1.8-3.6 billion) according to Reuters. The price of 300 million would aid in the […]
  • 1 year ago