“Apple Inc. is throwing its considerable weight, and $3 billion in cash, behind Bain Capital’s multibillion-dollar bid for Toshiba’s flash memory business, Bloomberg reports, citing unnamed sources,” Luke Stangel reports for The Silicon Valley Business Journal. “If true, this would mark Apple’s biggest acquisition since its 2014 purchase of Beats Electronics for $3 billion.”
“For months, Apple has quietly circled the deal, apparently in hopes of keeping the business out of the hands of San Jose-based hard drive maker Western Digital Corp. Until recently, Apple had backed a rival bid led by its main manufacturing partner, Taiwan’s Foxconn,” Stangel reports. “Toshiba’s flash memory chips are embedded in hundreds of millions of consumer electronic devices, including the iPhone. Apple wants to keep the supply of key iPhone components competitive.”
“This week, Toshiba said it planned to focus on the Bain Capital-led bid, which is rumored to be worth somewhere between $18 billion and $22 billion, with a promise of more than $1 billion in infrastructure improvements,” Stangel reports. “Toshiba hopes to agree on terms of the deal by the end of the month.”
Read more in the full article here.
MacDailyNews Take: Soon.
SEE ALSO:
Apple mounts a full-court press for Toshiba’s chip business, waging battle with Western Digital – September 8, 2017
Foxconn details plan to acquire Toshiba chips unit; Apple would own 20 percent – September 7, 2017
Bain Capital brings in Apple for last-minute $18 billion bid for Toshiba chip unit – August 30, 2017
Apple and Amazon to back Foxconn on Toshiba chip bid, Hon Hai Chairman Terry Gou says – June 5, 2017
Apple may bid for big stake in Toshiba – April 17, 2017
U.S. suitors get major advantage as Japan to vet bidders in Toshiba chip sale over national security risks – March 10, 2017
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]
Hey remember when Dem/Lib/Progs were hysterically shrieking about how Bain Capital was the embodiment of Hell on earth led by Satan himself, Mitt Romney, centrist squish?
SMH!
Always remember that when to comes to hyperbolic disingenuous Dem/Lib/Progs, everything is the utmost tragedy to be exploited for furthering their ambitions for statist, globalist control. Just watch them elevate some issue or some incident one week, then drop it cold for a new one the next. Death by a thousand cuts is their modus operandi. Embrace, exploit, exhaust. Repeat ad nauseam.
The transparent duplicitousness of Dem/Lib/Progs is nearly as appalling as their slack-jawed stupidity.
Glad to see you are still consistent in making everything a political statement and somehow damning Liberals for being the cause of everything bad.
Hurricane Irma…Damn Liberals
Cancer rates rise….Damn Democrats
Pope helps the poor…Damn Socialist/Libs/Progs.
Keep it up. You are better than the comic section in the newspaper.
yes this dude has no life…
Back to my comments, none of which are reflected in your weak straw man attempt:
Did the Dem/Lib/Progs not hysterically shriek that Bain Capital was basically the embodiment of Hell on earth led by Satan himself, Mitt Romney, centrist squish?
Yes, of course they did.
This week it’s Confederate Statues. Back in 2012, it was Bain Capital. Next week, it’ll probably be the Jefferson and Washington monuments. or maybe they’ll trot out a rehashed “War on Women,” or some more “Global Warming” nonsense. Or, maybe they’ll have one of their wildest dreams fulfilled and a white cop will shoot a black deaf/mute tranny in a wheelchair, a tragedy they can exploit to incite further anarchy.
It’s all so predictable and, finally, the general public sees it all so clearly, from the biased corrupt media to the Dem/Lib/Prog politicians themselves.
It’s all working out so well for the regional Democrat Party:
Strange, that looks identical to the state maps of extreme Republican gerrymandering.
Republican representation is significantly overweighted in most areas because of gerrymandering and other techniques that undermine democratic rule. Quit cheating and you will find out.
Yes, the Republican Party invented gerrymandering. Oh, wait, they didn’t.
Gerrymandering in the United States has been practiced since the founding of the country.
Like a typical sore loser, you’re just a pitiful peddler of excuses, just like this one:
Didn’t you guys used to hate the Russians and foreign intrusion into our democracy? Some might call you a hypocrite.
Well said, Michael, well said!
You are a troll and an asshole.
Better spent than the $3 billion Cook blew on awful-sounding overpriced headphones, a bald wop bullshitter, and a thug wife beater.
A deal which has already paid for itself, dunce.
$3B as its biggest deal in history is pathetic and this is why there is no line of sight to a $1T company; post-Jobs its only been incremental change of things a focus group of 14 year olds could have asked for and so Apple deserves its lagging market multiple; should invest in a pair of stones for the chief capital allocator Tim Cook