Bain Capital bid on Toshiba Memory includes Apple, Dell, Kingston and Seagate

Some more details have emerged about the current status of Toshiba's planned sale of its lucrative memory chip unit. I'm not going to repeat the whole story here but the gist is that Toshiba needs to sell this unit as soon as possible as issues in other units wreaked havoc on the company's balance sheet.

Last week Toshiba picked Bain Capital as its preferred party to sell to and now it appears that the Bain-led consortium includes several major tech companies. We already knew Bain Capital's deal includes SK Hynix as well as the Innovation Network Corporation of Japan and the Development Bank of Japan. Now we learn that Bain Capital also brought in Apple, Dell, Kingston and Seagate:

The U.S. private equity firm said in a statement that in addition to Apple, other members also included Dell, memory product maker Kingston Technology and data storage firm Seagate Technology Plc “who will provide capital in a sign of industry-wide support for an independent Toshiba”.

According to Reuters, the Bain consortium made a 2.4 trillion yen ($22 billion) offer, including a guarantee to invest 200 billion yen in infrastructure.