Monday, November 20, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Toshiba's Board Approves $5 billion Injection to Stay Listed
LG Electronics Launches the ThinQ Hub AI Speaker
Verizon Signs Deal with NFL: report
Microsoft Offers Discounted Games for Xbox Live Gold Members, Sony Unveils PlayStation Deals
Apple HomePod Smart Speaker Won't Be an Option For Holiday Shopping
G.Skill Unveils Trident Z DDR4-4400 32GB CL19 Kit
Spotify Buys Soundtrap
Volkswagen to Invest Over $40 billion on Future Cars
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, June 26, 2017
Toshiba Chip-Unit Final Agreement Said to be Delayed, WD Opposes Participation of SK Hynix


A final agreement related to future of Toshiba's memory chip business may be delayed beyond the electronics maker's self-imposed deadline this week, as investors work out the structure of the deal and Western Digital will not support it with rival SK Hynix being part of the preferred bidding consortium.

Last week Toshiba announced the preferred bidders for its chip unit, and said it planned to reach an agreement by Wednesday, June 28, and then close the transaction by March.

According to Bloomberg's sources, the Innovation Network Corp. of Japan and Development Bank of Japan, which joined up with Bain Capital, aren't in a hurry to reach a final agreement as they conduct due diligence because their participation won't require a lengthy antitrust review process. In addition, the outline of the deal may change depending on what happens with Western Digital, which jointly owns certain chip assets with Toshiba and has contested its authority to sell the semiconductor unit.

Steve Milligan, Western Digital's chief executive officer, sent a letter to Toshiba on Sunday, saying that it's risking technology leakage by letting Hynix participate in the sale of the chip business. "I must make it clear that Western Digital will not consent to a transaction with the proposed consortium," Milligan wrote, adding that Western Digital will press forward in seeking an injunction against a sale of the chip unit.

Toshiba officialy said there was no change in the Tokyo-based manufacturer's schedule.

Bain, INCJ and DBJ have indicated that they're willing to pay 2.1 trillion yen ($19 billion) for the semiconductor unit.

South Korean chipmaker SK Hynix Inc. is said to join the group by providing only loans to avoid antitrust hurdles. Toshiba CEO Satoshi Tsunakawa told a news conference on Friday that SK Hynix would not be holding any equity and would not be involved in management - an arrangement that was unlikely to raise regulatory red flags and would prevent leaks of key technology information.



Previous
Next
Nokia 6 Smartphone Will be Available on Amazon        All News        Smart Switch App Lets you Move Everything from your Old Phone to a Newer Galaxy Device
EU Set to Announce Antitrust Fine Against Google     General Computing News      HERE and Pioneer Partner on Global Map Solutions

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba's Board Approves $5 billion Injection to Stay Listed
Asus Could Buy Toshiba's PC Business
Toshiba Sells TV, Visual Solutions Unit to Chinese Hisense
Toshiba's Profit Jumps on Strong Memory Demand
Toshiba's Shareholders Approve Sale of Toshiba Memory
New Toshiba TR200 3D NAND SSDs Offer an Affordable Alternative to Hard Disks
Toshiba to Further Invest in Production Equipment for Fab 6 at Yokkaichi Operations
Western Digital Provides Its Aspect on Latest Developments Related to the Sandisk JV with Toshiba
WD is Pushing Data Center Capacity to New Heights with the 14GB Ultrastar Hs14 hard Disk Drive
Toshiba Signs Deal to Sell Chip Unit to Bain-led Group
SK Hynix to Invest 395 billion yen in Toshiba chip unit
Western Digital Tries to Block Toshiba's $18 Billion Memory Chip Unit Sale

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .