Big payout for Dell, Apple et al as Toshiba Mem 'prepares' to buy them out ahead of IPO

www.theregister.co.uk | 5/21/2019 | Staff
DebraS (Posted by) Level 3
Click For Photo: https://regmedia.co.uk/2016/04/08/tosh_q300s_950.jpg

Silicon printer Toshiba Memory Holdings is reportedly planning to buy out major shareholders including Apple, Dell, Kingston and Seagate, as it prepares to try its luck in the public markets.

The company could spend to the tune of ¥500bn ($4.5bn) to liberate itself from the yoke of investor oppression. The plan is made possible by a ¥1.3tn ($11.8bn) funding package from three Japanese banks.

Deal - Wall - Street - Journal - Monday

The deal was reported by the Wall Street Journal Monday, which cited sources familiar with the matter and said it could be finalized by the end of this month.

The four investors – all of them long-standing customers of Toshiba Memory - were a part of a consortium led by Bain Capital that purchased a majority stake in the memory-maker from Toshiba Corporation for around $18bn almost exactly a year ago.

Flash - Memory - Toshiba - Market - Conglomerate

Flash memory was originally invented at Toshiba in the 1980s and released to the market in 1984. But the Japanese conglomerate was forced to make sacrifices to survive the crisis caused by...
(Excerpt) Read more at: www.theregister.co.uk
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