The news of Toshiba’s sale of the chip business has been long-standing, but the deal has still not been completed.
According to Bloomberg News, Toshiba’s disagreement on payment time when negotiating the sale of the chip business with the target buyer Bain Consortium (composed of the Japan Development Bank, SK Hynix, and Japan's Innovation Network Crop) made this transaction possible. Succeeded to complete.
The Bain Consortium wants Toshiba to resolve legal disputes with partners' Western Digital first, and then pay cash, and Toshiba wants the other party to pay cash first because legal disputes with Western Digital are difficult to solve for a while.
The latter, as Toshiba's partner, has completely overturned. Western Digital hopes to enjoy its interest in the sale and submits it to the California court for arbitration. This has greatly delayed the progress of the Toshiba chip business.
Since the transaction could not be settled, according to sources, Toshiba has already made the worst plan, that is, delisting, but this is the only way to go.
In addition, Toshiba CEO Gang Chuanzhi stated that on the one hand, the company has put pressure on Western Digital and hopes it will withdraw its lawsuit. Otherwise, it will cut off the company’s future chip production capacity. On the other hand, the company is negotiating with Foxconn and does not rule out the possibility of replacement. Home possible.
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