Toshiba appears to have decided on a buyer for its memory chip unit-- the consortium formed by Bain Capital and SK Hynix, together with some financial backing from Apple.
However, Reuters reports, Toshiba is still "not ruling out a deal with other bidders," making the lengthy process to sell the unit even more, well, lengthy. Reuters also says the decision to choose the Bain-led group comes after failure to bridge disagreements with the other main rival suitor, Western Digital.
“We are disappointed that Toshiba would take this action,” a WD statement reads. “Our goal has been — and remains — to reach a mutually beneficial outcome that satisfies the needs of Toshiba and its stakeholders.”
WD has complicated the sale of the deal, since it has a joint investment in a key Toshiba NAND production plant-- leading to a lawsuit from Toshiba over what it deems as interference.
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