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