JAPAN > A consortium of Apple, Bain, South Korean Chipmaker SK Hynic, Dell Inc., Seagate Technology Plc. and Kingston signed $18 billion deal to buy Toshiba’s chip division

toshiba logo A consortium led by Bain Capital LP has agreed to take over the chip unit of Toshiba Corporation for $18 billion to stave off a potential delisting for the unit. However, due to too many conflicting interests for the eight member group, a Tokyo news conference on the deal was cancelled as all the member want access to NAND technology. More …