Tagged With "Alexander Bain"
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Digitech Systems Awarded Best Capture & Workflow Solution
Print Save GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Jan 15, 2019-- Digitech Systems is pleased to announce that PaperVision Capture has been chosen by Buyer’s Laboratory (BLI) as the Outstanding Data Capture and Workflow Solution for 2019 . This is the fourth time PaperVision Capture has been selected for this prestigious honor. For more than 50 years, Buyer’s Laboratory has been the world’s leading independent product evaluator specializing in the ECM and imaging industries, and their...
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CompassMSP Announces the Addition of Two Experienced Leaders to Its Senior Management Team
JACKSONVILLE, Fla. - February 6, 2020 - ( Newswire.com ) CompassMSP, a leading managed service provider (MSP), proudly announces the addition of two senior executives to the leadership team following its significant growth in the last two years and to invest further in its corporate infrastructure to support future growth. Michael Bone was added to the CompassMSP management team as Chief Revenue Officer (CRO) in January 2020. In this position, he is responsible for managing all marketing,...
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This Week in the Copier Industry 5 Years Ago (Last Week of February 2015)
There's a cool thread I did years ago about the history of the fax. We sold tons of faxes in the eighties and had a lot of fun doing it. It was not uncommon to sell multiple units along with boxes and boxes of thermal paper. There's also a cool thread about some fun that we had with selling fax machines. Enjoy these threads from ten years ago this week! Konica Minolta Rewarded for Sustainable Investment Standards With Globally Renowned Distinctions Art Post · 2/24/1510:41 PM improve our...
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Re: USA Presidential Poll
Incorrect. The (idiotic) quote from Harry Reid was that he had spoken to an unnamed source who knew Romney while he was working at Bain Capital. Romney left Bain Capital in 2002, or 1999, or even earlier depending upon which defintition you use, but he's been gone for at least 10 years. Those are the years in question, not last year. Releasing last years taxes does not refute this (moronic) claim by Reid in any way. We can agree to disagree, but let's at least agree to agree about what we...
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Re: This History of the Fax Machine According to Art
Did that as well or sometimes would take several sheets of paper that I had done a sky shot with a copier and then looped them together...lol
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Re: This History of the Fax Machine According to Art
Loved the reflection on the history of fax. Although this was a relatively low residual product it offered a new way to get in the door. In the 80's, I would follow the fed ex delivery driver who often was delivering some printed pages (agenda's, schedules, documents) that needed to be there next day or sooner. It was an ear opener when you tell them you can them there next minute without the $12.00 fedex charge. Using afterhours timing for reducing long distance charges helped separate...
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Re: This History of the Fax Machine According to Art
@John Saramak now that's a cool plan! Follow the fedex driver, wish I could have thought of that one. Could only image how much more successful we could have been in the eighties if we were able to share information like this. Hope all is well with you!
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The History of Fax According to Art
The History of Fax According to Art Go ahead, you can do it, no one will see you. It's ok to hug your fax.Facsimile "make similar", "make a copy" was invented in 1843 by Scottish mechanic and inventor Alexander Bain. He received a British patent for...
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Liberated Learning Consortium Announces Nuance Joining the Effort to Advance Informat
Liberated Learning Consortium Announces Nuance Joining the Effort to Advance Information Accessibility in Higher Education through Speech RecognitionUsing Innovative Speech Recognition and Language Understanding Developments from Nuance for Lecture...
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This History of the Fax Machine According to Art
Go ahead, you can do it, no one will see you. It's ok to hug your fax, if you still have one. Funny, just today, I was at an office and they told me about one of their principals that was still using a computer with a 3.5 floppy drive. He...
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Konica Minolta installs first C1085 at Bell and Bain
Konica Minolta installs first C1085 at Bell and Bain FULL STORY Konica Minolta installed the brand new C1085, which is part of the new C1100 series, at Bell and Bain, a printing and binding specialist based in Glasgow. Bell & Bain, which was founded in 1831, is one of the oldest established printing companies still in existence in Scotland specialising in the printing and binding of business, educational, financial, medical, scientific and religious books and learned journals. Designed...
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HP Announces Changes to Board of Directors
PALO ALTO, Calif., Jan. 20, 2011 - HP today announced that its board of directors has appointed five new members, effective Jan. 21, bringing the total number of board members to 13.The new directors are Shumeet Banerji, chief executive officer of...
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Egypt's Protesters Rediscover The Fax Machine
by Linton Weeks February 4, 2011 Amid the new-order demands of recent protest in Egypt, one old-order piece of technology has regained prominence: the fax machine.Dusty and dormant in most American offices, lowly fax machines have whirred to life in...
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Weekend Copier Notes from 11/16/08
WEEKEND MFP INDUSTRY NOTES11-16-08The following is a quick review of copier/MFP industry news from industry publications.- KIP provides more details on its new Color 80 wide format color system:o Unlike most wide format color printers, this system...
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Toshiba receives bid as high as $3.6 billion for chip business stake: Source
Toshiba has received an offer as high as 400 billion yen ($3.6 billion) for a 19.9 percent stake in its flash memory business, with other bids as low as 200 billion yen, a person directly involved in the deal told Reuters. Suitors include rivals SK Hynix and Micron Technology , and financial investors like Bain Capital. The Japanese conglomerate was seeking to raise around 300 billion yen from the stake sale, said the source, who declined to be named because he is not authorized to speak to...
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Bell & Bain focuses on quality and flexibility with Ricoh Pro™ VC60000 technology
Bell & Bain focuses on quality and flexibility with Ricoh Pro™ VC60000 technology Tuesday, 27 June, 2017 Ricoh Europe, London, 27 June 2017 – Bell & Bain will be the first European book printer to elevate its digital book printing service with the Ricoh Pro™ VC60000 continuous feed production inkjet platform. One of the oldest book printers in the UK, Glasgow-based company Bell & Bain is also the first Scottish operation to choose to invest in the high speed inkjet system from...
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Toshiba Suing Western Digital for $1.1 Billion
Japan's Toshiba (NASDAQOTH: TOSBF) has filed a fresh lawsuit against U.S. storage giant Western Digital (NASDAQ: WDC) . The suit, filed in Tokyo District Court, centers on Toshiba Memory Corporation, a 50-50 joint venture operated by the two companies. Toshiba has been attempting to sell the unit on its own in order to help shore up a damaged balance sheet. It selected a buyer, a consortium of Japan's Innovation Network Corporation, Bain Capital Private Equity, and Development Bank of Japan.
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Toshiba under pressure to consider 'Plan B' as chip sale falters: sources
As the $18 billion sale of Toshiba Corp's memory chip unit to a government-approved consortium falters, some bankers and potential investors are pressing the board to seriously consider alternatives, people with direct knowledge of the sale process said - including picking a new buyer. Those people say Toshiba's leadership is sticking to Plan A: selling the world's second-largest memory chip maker to a Japanese government-backed group that also includes Bain Capital. But the clock is ticking...
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Toshiba Is Scrambling to Close $18 Billion Sale to Cover Losses
Toshiba's board will meet on Wednesday to consider offers for its chip unit from Western Digital and Taiwan's Foxconn in addition to a bid from a consortium that was previously favorite, a source familiar with the matter said. Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse. But it has struggled to close a 2 trillion yen ($18 billion) deal with the group it previously chose as preferred bidder —a consortium including...
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Toshiba deal stymied by payment issue
Toshiba’s plan to sell its memory unit to a Bain/INCJ/Hynix consortium for $19 billion ran into trouble because the consortium wants to pay in installments and Toshiba wants the money up front, reports Bloomberg . This has prompted last week’s move to re-open talks with Western Digital and Hon Hai about selling the business to them. Hon Hai is said to have offered $30 billion. Meanwhile the dispute with Western Digital over whether Toshiba has the right to sell the business gets increasingly...
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Toshiba is exploring its options in case the $18 billion sale of its chip unit doesn't close on time
(Reuters) - Toshiba Corp said it is considering various measures in case the $18 billion sale of its chip unit does not close by the end of the financial year and leaves the embattled conglomerate short of funds needed to ensure it stays listed. The deal needs to close by end-March or Toshiba will likely report negative net worth - where liabilities exceed assets - for a second year running. That could trigger an automatic delisting from the Tokyo Stock Exchange. "Nothing has been decided,...
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Western Digital hits back at Toshiba's chip unit Plan B
Oct. 10, 2017 10:08 AM ET | About: Toshiba Corp. (TOSBF) | By: Brandy Betz , SA News Editor Western Digital (NYSE: WDC ) releases a new FAQ document hitting back at some of the claims surrounding Toshiba’s ( OTCPK:TOSBF , OTCPK:TOSYY ) chip unit sale to the Bain-led consortium. The company maintains that it has contractual consent rights to the sale and notes that Bain hasn’t reached out to Western Digital as Bain had claimed. Western Digital reiterates that Toshiba doesn’t have the right to...
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Hacking increasing by 1600%* - What is really going on with Data Security?
Before you switch off as you consider security uninteresting, just remember that if you think about it George Lucas has made $5.3 billion out of a data breach story. General Tagge " If the Rebels have obtained a complete technical readout of this station it is possible, however unlikely, that they might find a weakness, and exploit it." Before we start let us say we aren't self-appointed gurus, we are most likely just like you, a user/business person. During this search, we realised that we...
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Japan's struggling Toshiba logs $436 mn loss in first half
Troubled Japanese conglomerate Toshiba said today it logged a net loss of $436 million for the fiscal first half, as it moves to complete a multi-billion-dollar sale of its chip business to restore its balance sheet. The Tokyo-based firm said the loss was mainly due to the tax impact associated with the deal to sell the chip unit to a consortium led by Bain Capital. http://www.moneycontrol.com/news/world/international-results/japans-struggling-toshiba-logs-436-mn-loss-in-first-half-2433707.html
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Toshiba receives bids as high as US$3.6bil for chip business stake
TOKYO: Toshiba Corp has received bids ranging from 200 billion yen to as much as 400 billion yen (US$1.8bil-US$3.6bil) for a 19.9% stake in its flash memory business, a person directly involved in the deal told Reuters. The Japanese conglomerate is seeking to raise around 300 billion yen from the sale, said the person, who was not authorised to speak with media and so declined to be identified. A sale at that price would help Toshiba offset a multi-billion dollar writedown on its US nuclear...
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Toshiba Has Chosen a Buyer for its Chip Business
Toshiba ( TOSYY ) is said to have made the decision to choose a Japanese government-led group of Japanese, U.S., and South Korean firms to buy its semiconductor business, Reuters reports, citing sources. The consortium's bid clears Toshiba's minimum of 2 trillion yen, or $18 billion. Toshiba is looking to sell the chip unit in order to cover billions of dollars in losses from its now bankrupt U.S. nuclear unit. The group includes Japanese state-backed fund Innovation Network Corp of Japan,...
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It ain’t over til it’s over – and WD’s spat with Toshiba is far from over …
In a recent blog on the sale by Toshiba of its memory operations, I noted that the shadow of Western Digital (WD) was looming over the deal. 'Let’s just say the memory company isn’t happy’, I suggested. Confirmation of that has arrived in the shape of a Q&A posted on WD’s website. The document leaves no doubt that WD – which acquired SanDisk in a $19billion deal last year – isn’t going to go quietly. Even before Toshiba announced the deal with the Bain-SK Hynix consortium, it had started...
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Toshiba searches for a new 'spine'
TOKYO -- Toshiba faces something of an identity crisis. Semiconductors have been the conglomerate's cash cow, but it is selling its flash memory unit to shore up its tattered finances. Somehow, the company needs to find a new calling and a new growth strategy. Its best hope may be technology that has been helping the very business it is selling. Toshiba on Sept. 28 signed a formal agreement to unload the memory unit to an American-South Korean-Japanese consortium led by U.S. investment fund...
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Toshiba cites antitrust, arbitration hurdles to memory sale
Toshiba's legal dispute with Western Digital revolves around chipmaking facilities in Yokkaichi, Japan, in which the two jointly invest. TOKYO -- Toshiba outlined three prerequisites Friday for completing the sale of its flash memory unit, underscoring that the recent agreement with a Bain Capital-led consortium was only half the battle. The Japanese conglomerate provided details of the Toshiba Memory deal with the Japanese-American-South Korean team to shareholders in a notice regarding an...
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LucidLink Launches Global Managed Service Provider Program
SAN FRANCISCO , Oct. 22, 2019 LucidLink , a global innovator of cloud-native file services, today announced its new, global Managed Services Provider (MSP) program. The program makes it easier for MSPs to expand their businesses with a cloud-native, SaaS solution that leverages the cost savings of object storage. LucidLink Filespaces™ provides high-performance file access over distance to improve organizational workload efficiencies, and maximize productivity. MSPs can now offer customers an...
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China regulators open antitrust probe of Toshiba deal -newspaper
Dec 14 (Reuters) - Chinese regulators have opened an antitrust investigation into Toshiba Corp’s $18 billion deal to sell its memory chip unit to a consortium led by Bain Capital LP that includes memory maker SK Hynix, possibly delaying the March closing date Toshiba’s leaders have targeted, the Nikkei Asian Review newspaper reported on Friday. Chinese regulators started their review earlier this month, despite the fact that Toshiba had applied for it in September, when it reached a deal...
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China’s Antitrust Officials Concerned Hynix Will Take Larger Stake in Toshiba Chip Sale
According to sources that are close to the issue, antitrust officials in China’s Ministry of Commerce are currently investigating the role that South Korea’s Hynix Inc. will play in the sale of Toshiba Corp.’s memory chip business. The antitrust officials are concerned as they are currently reviewing the deal. Chinese officials are currently investigating the fact that the South Korean company will do away with a large stake in the business if Toshiba’s memory chip unit sell goes ahead. This...
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China officials reportedly concerned with Hynix role in Toshiba memory chip deal
BEIJING – Antitrust officials in China’s Ministry of Commerce are concerned about the role SK Hynix Inc. will play in the sale of Toshiba Corp.’s memory chip business as the country commences a review of the deal, according to sources. The officials are looking at the fact that Hynix could take a sizable stake in the business if the sale goes ahead, the sources, who asked to remain anonymous as they weren’t authorized to speak on the matter, said. From Toshiba’s side, they may need to...
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Toshiba to have more options on chip deal as meeting March deadline unlikely
BEIJING/TOKYO (March 27): Toshiba Corp looks set to have more options for its chip unit after China said it was still reviewing a proposed US$18 billion acquisition by a Bain Capital-led consortium, making it highly unlikely that an imminent deadline for the deal will be met. China's commerce ministry said on Tuesday in a brief statement to Reuters that it was reviewing the deal, without elaborating further. For the deal to close by its agreed deadline of March 31, antitrust approval from...
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As Toshiba's $18 billion chip unit sale faces tight deadline, IPO looms
The conglomerate agreed last year to sell the world’s second-biggest producer of NAND flash memory chips to a consortium led by U.S. private equity firm Bain Capital to plug a huge financial hole left by the bankruptcy of its U.S. nuclear unit. The company has been aiming to complete the sale by March 31, the end of its business year. It said in September that it would need approval from antimonopoly authorities by March 23 to meet that deadline. Toshiba no longer faces immediate insolvency...
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Toshiba Memory sale delayed by Chinese antitrust probe
As Toshiba has raised enough funds to keep its net worth above zero, some activist investors want it to call off the sale of its money-making memory unit. TOKYO -- The sale of Toshiba 's memory chip arm is stuck in a long-running review from Chinese antitrust authorities, making it unlikely that the deal will close before the end of March as originally planned. Although meeting the deadline is no longer vital to the parent's survival, the delay could fuel opposition among shareholders...
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Toshiba completes sale of Westinghouse claims, replenishes finances
The $2.16 billion sale, to a group of hedge funds led by the Baupost Group, will also come with tax benefits and improves Toshiba’s balance sheet by about 410 billion yen ($3.7 billion). Liabilities at Westinghouse plunged Toshiba into crisis last year, and the beleaguered Japanese firm put up its prized memory chip business - the world’s second biggest producer of NAND memory chips - for $18 billion. Toshiba also plans to transfer its stake in Westinghouse to Canada’s Brookfield Business...
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Toshiba May Miss Deadline for Chip Sale -- And Reap Billions
increasingly likely Toshiba Corp. will miss a March deadline for closing the sale of its memory chip business. That could turn out to be $4 billion worth of good news for the Japanese conglomerate. The company agreed to sell the crown-jewel memory unit to a consortium led by Bain Capital to avoid delisting after billions of dollars of losses in its nuclear energy operations. But China has yet to grant approval for the deal and regulators are unlikely to sign off before the contract’s March...
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Embattled Toshiba hits a new hurdle as talks with Bain stall
Tokyo/San Francisco — Toshiba’s talks to sell its chips business to a consortium led by Bain Capital hit an impasse over the timing of payments for the business and governance issues, according to people familiar with the matter. The new hurdle casts doubt on the company’s ability to complete a deal quickly. The Bain group wants to make cash payments after Toshiba resolves a legal dispute with partner Western Digital, while Toshiba wants the money earlier, said the people, asking not to be...
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Toshiba’s microchip business stays in limbo after Western Digital deal failure
JAPANESE tech giant Toshiba met yet another roadblock in its efforts at finding an outside investor for its multibillion-dollar microchip business last week. After weighing its options anew, the Asian tech giant ultimately failed yet another self-imposed deadline to complete what is estimated to be a US$17 – US$18 billion dollar deal . Toshiba’s microchip business is widely regarded as the second largest in the world, with the firm providing NAND chips for various tech manufacturers. The...
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Toshiba empire crumbles as talent, morale drain away
Rivals have forged ahead with investment as unit sale process has dragged KOTARO HOSOKAWA and YUKIHIRO OMOTO, Nikkei staff writers Toshiba's memory chip factory in Yokkaichi, Japan. (Photo by Takuya Imai) TOKYO -- Toshiba on Wednesday finally decided to sell its prized memory unit to a consortium led by U.S. investment fund Bain Capital, with South Korean chipmaker SK Hynix and Apple also on board. But the Japanese conglomerate faces a fresh set of challenges, including possible legal action...
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Toshiba's $18 Billion Chip Deal Delayed Because Apple Hasn't Agreed to Terms
Toshiba announced last Wednesday, Sept. 20 that it would sell the lucrative chip unit to a group led by Bain Capital, expecting the deal to close the next day. The deal is set to be the culmination of a nine-month search for a buyer and serve as a financial windfall that will keep struggling Toshiba trading on the Tokyo Stock Exchange. The deal has not yet closed, forcing Toshiba to ask lenders to roll over $6.1 billion in credit lines set to expire Sept. 30. At the same time, lenders have...
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Apple-Backed Billionaire Makes Case to Buy Toshiba Chip Unit
Terry Gou , the billionaire behind Apple Inc. ’s iPhone factories, is pressing his case to acquire Toshiba Corp. ’s memory chips business for 2.1 trillion yen ($19.5 billion) in a last-ditch effort to beat out two American buyout firms in the tumultuous auction. Gou’s Foxconn Technology Group has broad support for its offer from Apple , SoftBank Group Corp. and Sharp Corp. and is ready to proceed right away, said Louis Woo, a spokesman for the company, whose primary listed arm is Hon Hai...
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Toshiba, keen to seal $18 billion chips sale, wrestles with last-minute delays
TOKYO (Reuters) - Japan’s Toshiba Corp ( 6502.T ) is locked in last minute discussions over “key issues” with the would-be buyers of its $18 billion memory chip business led by U.S. private equity firm Bain, potentially delaying a formal agreement on the sale. Toshiba said on Wednesday it had agreed to sell the prized unit to the Bain consortium, and had been expected to formalize the sale on Thursday. read the rest here
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Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale
TOKYO (Reuters) - Western Digital Corp ( WDC.O ) said on Tuesday it will seek an injunction to block the sale of Toshiba Corp’s ( 6502.T ) prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner. The latest legal action by the U.S. firm, which jointly invests in Toshiba’s main chip plant, comes in the wake of the Japanese conglomerate’s decision last week to sell the unit to a consortium led by Bain Capital LP and South Korean...
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Toshiba inks deal to sell chip unit to Bain-Apple group for $18 billion
Toshiba agreed Thursday to sell its chip division for 2 trillion yen ($17.7 billion) to a Bain Capital-led consortium that involves large U.S. technology firms including Apple and Dell. Earlier this year, Toshiba shareholders gave the go-ahead for the sale of the memory business; Toshiba is the world's second largest producer of NAND flash memory — behind Samsung . And last week, the board agreed to sell the unit to the Bain consortium. The group consists of Japan's Hoya Corporation , South...
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Bain files for China antitrust approval on $18 billion Toshiba chips deal
HONG KONG/TOKYO (Reuters) - The Bain Capital-led consortium that bought Toshiba’s chip unit for $18 billion last week has filed for antitrust approval in China, a source familiar with the matter said, but it may have to wait nine months or more for a green light. Toshiba is keen to complete the sale by the end of its fiscal year in March: it hopes to use the proceeds to plug a gaping balance sheet hole left by its now bankrupt U.S. nuclear subsidiary, and save itself from a potential...
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Toshiba Eyes Cancelling Chip Unit Sale if No China Approval by May
TOKYO (Reuters) - Japan's Toshiba Corp has decided it will cancel the planned $18.6 billion sale of its memory chip unit if it does not get approval from China's anti-monopoly regulator by May, the Mainichi newspaper said on Sunday. A consortium led by U.S. private equity firm Bain Capital last year won a long and highly contentious battle for the unit, which Toshiba put up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit plunged it into crisis. But...
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Toshiba in Talks to Sell PC Unit to Taiwan's Asus
Toshiba's ( TOSYY ) tumultuous year just took another turn. The Japanese electronics giant, whose stock is lower over 27% year-over-year, needs cash to meet obligations from its failed U.S. nuclear unit Westinghouse Electric and cover a negative equity shortfall that threatens it with delisting next year. To combat this, Toshiba has already agreed to sell 49.9% of the memory chip unit to a Bain Capital-led consortium for roughly $18 billion. On Thursday, a report from Nikkei Asian Review...
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Japan court hears Toshiba, Western Digital fight on sale
FILE- In this Aug. 10, 2017 file photo, Toshiba Corp. President Satoshi Tsunakawa speaks during a press conference at the company's headquarters in Tokyo. The feud between Toshiba Corp. and its U.S. joint-venture partner Western Digital over a planned sale of Toshiba’s lucrative flash-memory unit is being aired at a Tokyo court. At the first hearing of the case Wednesday, Nov. 29, 2017, Toshiba’s lawyers demanded 120 billion yen ($1.1 billion) in damages from Western Digital for allegedly...