Monday, 14 August 2017

Toshiba deal stymied by payment issue

Toshiba’s plan to sell its memory unit to a Bain/INCJ/Hynix consortium for $19 billion ran into trouble because the consortium wants to pay in instalments and Toshiba wants the money up front, reports Bloomberg. This has prompted last week’s move to re-open talks with Western Digital and Hon Hai about selling the business to them. ...

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from Electronics Weekly https://www.electronicsweekly.com/news/business/toshiba-deal-stymied-payment-issue-2017-08/

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