Breaking News

CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices TerraMaster TerraSync Update COLORFUL Launches iGame X870E ULTRA-S V14 Motherboard

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

Toshiba Completes $18bn Sale of Flash Memory Unit

Toshiba Completes $18bn Sale of Flash Memory Unit

Enterprise & IT Jun 1,2018 0

Toshiba said Friday that it has completed the sale of its flash memory subsidiary, Toshiba Memory, to a consortium led by U.S. private equity group Bain Capital.

Toshiba actually sold the shares of Toshiba Memory Corporation (TMC), a wholly owned subsidiary of Toshiba, to K.K. Pangea, a special purpose company formed and controlled by a consortium led by Bain Capital Private Equity, L P.

The Bain consortium includes South Korean chipmaker SK Hynix, Apple Inc, Dell Technologies, Seagate Technology and Kingston Technology.

The transaction makes Bain the new top shareholder of TMC. But Toshiba retains a stake, and together with optical products maker Hoya, continues to own 50.1% of the memory maker.

Toshiba has also granted each of Innovation Network Corporation of Japan and Development Bank of Japan, both of which have expressed interest in investing in Pangea, instruction rights for 16.7% of its voting rights.

The voting rights of SK Hynix will be capped at 15% for the next 10 years. The rest U.S. shareholders (Apple Inc, Dell Technologies, Seagate Technology and Kingston Technology) have also acquired shares in Toshiba Memory, though they do not carry voting rights.

The completion of the deal, initially aimed for by end-March, had been delayed due to a review by Chinese antitrust authorities.

Toshiba put its memory business up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit had plunged it into crisis.

Tags: Toshiba
Previous Post
AMD Ryzen 3 2300X And Ryzen 5 2500X Processor Details Leaked
Next Post
ASUS H370 Mining Master Connects 20 GPUs to one Motherboard

Related Posts

  • Why Intelligent Firmware Matters More Than Peak Throughput in NAS Systems

  • Toshiba launches Canvio Ready portable hard drive with partly recycled-material top cover

  • Toshiba Demonstrates Storage Infrastructure for Scientific AI and Research at ISC 2026

  • Toshiba Canvio Flex Portable Hard Drive, Now in Metallic Blue

  • Toshiba Begins Sampling of 30-34 TB SMR Nearline Hard Disk Drives

  • World Backup Day 2026: A Backup Doesn’t Always Need to be in the Cloud

  • Toshiba to Showcase High-Performance AI and Petabyte-Scale Storage Solutions at Cloudfest 2026

  • Asustor AS5404T 4-Bay NAS System

Latest News

CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency
PC components

CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency

CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series
Gaming

CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series

AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices
GPUs

AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices

TerraMaster TerraSync Update
Enterprise & IT

TerraMaster TerraSync Update

COLORFUL Launches iGame X870E ULTRA-S V14 Motherboard
PC components

COLORFUL Launches iGame X870E ULTRA-S V14 Motherboard

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

SoundPeats Cove Pro

SoundPeats Cove Pro

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

Akaso Brave 8 Lite

Akaso Brave 8 Lite

SoundPeats C30

SoundPeats C30

be quiet! Dark Perk Mice

be quiet! Dark Perk Mice

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

XbotGo Chamaleon

XbotGo Chamaleon

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed