Hold on a minute
So, investors were dead against a split last week when it was the Board that proposed it, but this week a major investor is all for it ?
And is brokering his own deal ?
Smells like financial shenanigans are afoot.
Singapore-based Effissimo Capital Management, the largest shareholder in troubled Japanese tech giant Toshiba, has signed a deal to sell its stake to American private investment firm Bain Capital – if Bain decides to launch a takeover bid. As explained in a regulatory filing Effissimo submitted on Thursday, the deal does not …
Smells like financial shenanigans are afoot.
Stinks more like it.
Be sure there's something going on.
The usual when any corporation dedicated to moving unnamed money around* says it wants to bid for some company's assets.
The words Management and Capital are the give-away.
* Corporations not actually involved in the production of anything physical and of actual value.
ie: they just use other people's money to make still more money, something only loansharks and dodgy banking institutions did before this new industry Thatcher and Reagan's 80's left us reared its ugly head over us all.
I remember those lovely tiny palm size Toshiba full windows OS laptops, they were 20 years ahead of thier time. They even took discs and CDs, so the actual board footprint was not much larger than today’s phones. microphones WebCam speakers and modem all built in including a touch clitoris thing and vga out. Leyte models had Bluetooth as well
Toshiba has received 10 potential offers for the company, eight of which would take the company private, while two would allow it to remain publicly listed, according to reports.
Toshiba shares are said to have risen as much as 6.5 percent following the news, with some estimates valuing the deals at up to $22 billion.
The Japanese conglomerate announced in April that it was considering proposals to take the company private following numerous scandals and pressure from investor groups.
Toshiba has appointed two directors from activist hedge funds to its board in a move that could tip the balance in favor of a sale that would take the company into private ownership.
Shareholders of the Japanese conglomerate voted their support for all 13 director nominations recommended by the company during the annual general meeting of shareholders held on June 28 in Tokyo.
This included two directors from hedge fund investment companies, a contentious move that led to the resignation of external director Mariko Watahiki, a former high court judge, who reportedly objected to their appointment on the grounds that it skewed the membership of the board towards activist investors.
Almost 40 million residents of Japan spent the weekend in The Time Before Smartphones after local telco KDDI Corp. experienced its biggest outage to date – affecting both voice calls and data communications.
Luckily for the company and its customers, the outage began in the wee hours of Saturday morning – 1:35AM (1635 Friday UTC) to be exact – rather than peak time.
However, the disruptions did drag on, at least for some, until Monday morning.
A Chinese state-backed startup has hired legendary Japanese chip exec Yukio Sakamoto as part of a strategy to launch a local DRAM industry.
Chinese press last week reported that Sakamoto has joined an outfit named SwaySure, also known as Shenzhen Sheng Weixu Technology Company or Sheng Weixu for brevity.
Sakamoto's last gig was as senior vice president of Chinese company Tsinghua Unigroup, where he was hired to build up a 100-employee team in Japan with the aim of making DRAM products in Chongqing, China. That effort reportedly faced challenges along the way – some related to US sanctions, others from recruitment.
Japan is reportedly hoping to join the ranks of countries producing leading-edge 2nm chips as soon as 2025, and it's working with the US to make such ambitions a reality.
Nikkei reported Wednesday that businesses from both countries will jointly research the design and manufacturing of such components for devices ranging from smartphones to servers as part of a "bilateral chip technology partnership" between America and Japan.
The report arrives less than a month after US and Japanese leaders said they would collaborate on next-generation semiconductors as part of broader agreement that also calls for "protecting and promoting critical technologies, including through the use of export controls."
The Japanese outpost of Indian services giant Tata Consultancy Services has revealed it is working on the "Internet of Actions" – an effort to bring the sense of touch to the internet.
Tata has paired with a Japanese upstart from Keio University, Motion Lib, to spearhead the endeavor.
TCS said it will eventually deliver a "new social infrastructure" by commercializing Motion Lib tech. But first and more practically, the company will create a demonstration environment for "real haptics" technology at its Digital Continuity Experience Center (DCEC) showroom.
Japan has updated its penal code to make insulting people online a crime punishable by a year of incarceration.
An amendment [PDF] that passed the House of Councillors (Japan's upper legislative chamber) on Monday spells out that insults designed to hurt the reader can now attract increased punishments.
Supporters of the amended law cite the death of 22-year-old wrestler and reality TV personality Hana Kimura as a reason it was needed. On the day she passed away, Kimura shared images of self-harm and hateful comments she'd received on social media. Her death was later ruled a suicide.
Disgraced tech giant Toshiba has revealed it has received ten buyout proposals, and devised a plan to grow its digital businesses.
"As of today, the Company has received eight initial proposals for privatization, as well as two initial proposals for a strategic capital and business alliance with the Company remaining listed from Potential Partners," the Japanese conglomerate stated in a canned statement [PDF] dated June 2.
Toshiba didn't say who submitted the buyout proposals, but Bain Capital is known to have expressed an interest. Reports have indicated CVC Capital Partners and KKR might be in the running too. It's worth noting that CVC has sought this opportunity before.
Dust that Japan's Hayabusa2 probe returned to Earth from asteroid Ryugu reportedly contain 20 amino acids, according to Japanese media.
Which is very exciting indeed, because amino acids are the stuff of life. They help to build proteins, act as neurotransmitters in the brain, and are utterly ubiquitous and essential in terrestrial life. Just last month, esteemed journal Nature published research suggesting that amino acids had a crucial role in the evolution of the first self-replicating molecules.
Outlets such as Nikkei report that a Science ministry spokesperson mentioned the presence of amino acids yesterday, with a hint of peer-reviewed work to come but no other detail.
Japan's parliament has passed legislation allowing Yen-linked stablecoin cryptocurrencies, thus becoming one of the first countries – and by far the largest economy – to regulate a form of non-fiat digital money.
The regulations stipulate that only banks and other registered financial institutions – like money transfer agents and trust companies – can issue the alterna-cash. Intermediaries, or those who are responsible for the circulation of the currencies, will be required to adopt stricter anti-money-laundering measures. The rules also define stablecoins as digital money and guarantee face value redemption.
Japan's Financial Services Agency (FSA) floated this regime in a March 2021 proposal. Parliamentary assent for the proposal means it will come into effect in 2023. The regulations will apply to domestic financial institutions as well as foreign operations that target Japanese users. The research material supporting the decision relied heavily on trends in the US and Europe.
Biting the hand that feeds IT © 1998–2022