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 ferocious with Toshiba barring WD employees from access to their jv fab (now overruled by a temporary court order) and stopping WD from supplies of the jv’s most advanced chip – the 96-layer NAND. read the rest here