Apple bids $2.7 billion to buy Toshiba's chip business

The news that Toshiba is going to sell its chip business has been around for a long time. Previously, Asahi Shimbun reported that Toshiba has agreed to sell its flash memory chip business to the "New Japan-US Alliance" represented by Western Digital, with Western Digital contributing 150 billion yen (about US$1.3 billion) and the total acquisition amount being US$17.4 billion.

According to the plan, the deal will be announced on the 31st of this month. However, as the saying goes, "Plans can never catch up with changes", and an uninvited guest has come to bid for Toshiba's chip business.

According to Japan's NHK website, a consortium represented by US private equity firm Bain Capital today put forward a new bidding proposal, planning to acquire Toshiba's chip business for US$18.2 billion.

It is reported that members of the Bain Capital consortium include Apple, which will provide 300 billion yen (about US$2.7 billion). If an agreement can be reached, Bain Capital and Toshiba will each hold 46% of the shares.

In addition, Japan's NHK website stated that the transaction between Toshiba and Western Digital has been temporarily suspended. It seems that Toshiba has found a new love.

Of course, the final transaction object has not yet been determined. It can be seen that Toshiba is also hesitating about who to sell to. For Toshiba, there is not much time left. If it does not make a decision, it may face the dilemma of delisting.

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