Latest news! Toshiba chip division sale press conference canceled, Bain internal disagreements

Latest update time：2017-09-29

Reads：

Beijing time, September 29th afternoon news, according to Reuters, Japan's Toshiba Group announced yesterday that it would sell its chip business to a consortium led by Bain Capital for US$18 billion. Just when everyone thought everything was settled, the press conference on the transaction was suddenly cancelled.

Bain said that there was no consensus within the consortium on whether to hold a press conference, and expressed its concerns: the consortium consists of eight members and there are too many competing interests among them.

According to people familiar with the matter, Toshiba's chip division is the world's second largest NAND chip manufacturer. Toshiba and Bain had reached an agreement last week, but the signing of the deal was delayed until this week because consortium member Apple suddenly proposed new chip supply terms.

An analyst at Ace Research Institute said: "There are too many members in this consortium, so it is difficult for them to reach a consensus. If the deal is finally completed, Toshiba will be able to avoid a lot of risks."

A few minutes before the press conference, all media were suddenly informed of the cancellation. However, Yuji Sugimoto, head of Bain Capital in Japan, said that although there was a disagreement within the company about the press conference, it had no impact on the transaction itself. He did not disclose which members had refused to hold the press conference.

Source | Sina Technology

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