Monday, August 14, 2017

Toshiba deal stymied by payment issue

Toshiba’s plan to sell its memory unit to a Bain/INCJ/Hynix consortium for $19 billion ran into trouble because the consortium wants to pay in instalments and Toshiba wants the money up front, reports Bloomberg. This has prompted last week’s move to re-open talks with Western Digital and Hon Hai about selling the business to them. ...

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