Toshiba sells memory biz for $18bn, becomes the Bain of Western Digital's existence

Toshiba has picked a Japanese-American consortium assembled by Bain Capital Private Equity as the buyer of its memory business. Jilted suitor Western Digital has immediately tried to stop the transaction happening. This story starts in the year 2006 when Toshiba acquired Westinghouse Electric in the hope it could grow a …

[Anonymous Coward]

Good point

This

from a medium- to long-term perspective, this deal will inject the necessary capital into TMC so that it can work to become a rival to Samsung in terms of NAND Flash technology and production capacity."

seems to me exactly the reason that Apple has put up $3B in the Bain consortium.

This deal (lawsuits pending) would give Apple a source of chips and reduce their dependency on Samsung.

Similarly, the Apple investment in LG's OLED facility seems again to be done to reduce their business exposure/dependency to Samsung.

I'd expect us to still be talking about this deal in 2019 given the amount of legal stuff that needs to be dealt with.

[Anonymous Coward]

Curious to consider

...that this can all be traced back to Gordon Brown.

Selling Westinghouse was the only good thing he ever did for the British tax payer. Hitachi shareholders might want to send round some yakuza to deliver him their own unique form of "thank you".