You are here: Home » Technology » News » Others
Business Standard

Apple discussing $3-bn stake in Bain's Toshiba bid

The iPhone maker is in talks to provide about $3 billion in capital for Bain Capital's bid for the unit

Alex Sherman Ian King & Peter Elstrom 

Apple is playing the role of kingmaker in the contentious battle for Toshiba Corp’s memory chips business.   The iPhone maker is in talks to provide about $3 billion in capital for Bain Capital’s bid for the unit, adding to financial support from Dell, Seagate Technology and SK Hynix, according to people familiar with the matter. That support convinced Toshiba to sign a memorandum of understanding with Bain and work toward a final agreement this month, said the people, asking not to be identified because the matter isn’t public. Apple plans to take an equity stake ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, September 15 2017. 01:55 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU