Toshiba empire crumbles as talent, morale drain away | Print4Pay Hotel

Art PostAdmin VIP

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 and damage to key assets.

The chaotic, protracted bidding paralyzed Toshiba and sent employees heading for the exits. Rivals, meanwhile, have been busy setting up new factories.

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9/20/1710:53 PM

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Jason HMaven VIP

The ship is sinking

Art PostAdmin VIP

However they did reach that agreement with Bain for 13.8 billion. Sold the Crown Jewels to try and save the ship

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