Toshiba sells semiconductor business to a consortium that includes Bain Capital, SK Hynix and Apple, for $ 18 billion
So, quite a long history with the sale of the semiconductor business of Toshiba is about to end. As expected, the buyer selected a consortium led by Bain Capital, which include SK Hynix, the Fund Innovation Network Corporation Bank Development Bank of Japan and other companies. It is also worth noting that at the last moment he was joined by Apple and Dell.
Interestingly, the amount of the transaction is still $ 18 billion, not 22.3 billion, which the player allegedly offered Toshiba shortly before. In addition, if a dispute with Western Digital will not be settled, the related assets of joint ventures will be excluded from the transaction and the amount will be adjusted.
It is known that about 8.5 billion dollars in total will pay Bain, Toshiba, SK Hynix and Hoya. As you can tell, she Toshiba reinvests in its own semiconductor business. About 3.6 billion dollars paid to Apple, Dell, Kingston and Seagate. The remaining amount will pay some Agency special purpose Pangea engaged in the acquisition.
We will remind, to sell an incredibly profitable and successful semiconductor division (second place in the world to manufacture NAND), Toshiba has forced the failure and subsequent bankruptcy of the subsidiary Westinghouse Electric, specializing in nuclear power.
The deal should close before March 31 of the following year.