Dell joins Bain’s bid for Toshiba chip unit

New Straits Times - - Business / World -

Bain Cap­i­tal, now in the lead to buy Toshiba Corp’s prized mem­ory chip unit, said yes­ter­day it has brought in Dell Inc and other tech firms as new mem­bers of its con­sor­tium to bol­ster its bid. Toshiba said this week it had agreed to fo­cus on sell­ing the unit to a group led by Bain, but did not rule out a deal with other suit­ors, in­clud­ing Western Dig­i­tal. The pri­vate equity firm said its mem­bers now in­cluded Dell, Kingston Tech­nol­ogy and Sea­gate Tech­nol­ogy Plc “who will pro­vide cap­i­tal in a sign of in­dus­try-wide sup­port for an in­de­pen­dent Toshiba”.

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