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Bain-Apple closer to buying Toshiba unit

Published 09/13/2017, 02:26 AM
Updated 09/13/2017, 02:26 AM
© Reuters.  Bain-Apple closer to buying Toshiba unit
  • A group including Bain Capital and Apple (NASDAQ:AAPL), as well as Seagate (NASDAQ:STX) and Dell, has signed a letter of intent to buy Toshiba's (OTCPK:TOSYY) chip business for more than $18B, WSJ reports.
  • It's the latest twist in a contentious sale process. While Toshiba aims to sign a contract by late September, it's also continuing talks with Western Digital (NYSE:WDC), which is leading a bid by a rival consortium.
  • Now read: Apple's Breakthrough 3D Sensor Technology

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