Bain says Dell, other tech firms join its bid for Toshiba chip unit

Daily Mirror (Sri Lanka) - - FOREIGN -

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 has agreed to fo­cus on sell­ing the world’s No. 2 NAND pro­ducer to a group led by Bain and South Korean chip­maker SK Hynix Inc but it did not rule out a deal with other suit­ors in­clud­ing Western Dig­i­tal.

Sources have said that the Bain group also in­cluded Ap­ple Inc and the of­fer was worth 2.4 tril­lion yen (US $ 22 bil­lion), in­clud­ing a 200 bil­lion yen in­vest­ment in in­fra­struc­ture.

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