The U.S. private equity firm and Toshiba Memory will discuss what kind of technologies or acquisitions will be required, with Toshiba Memory president Yasuo Naruke noting that in the longer term technology relating to next generation memory chips would be needed.Furthermore, we also learn that Toshiba has reinvested in Toshiba Memory, and now holds a 40 percent stake in the company.
“I believe our financing power will enable Toshiba Memory engage in large-scale M&A deals,” Yuji Sugimoto, head of Bain Capital in Japan, told a news conference following the completion of the deal last week.
Toshiba keeps 40 percent of Memory unit
Posted on Tuesday, June 05 2018 @ 13:34 CEST by Thomas De Maesschalck