Apple: participates in an investment in TMC.

(CercleFinance.com) - The Japanese group Toshiba has announced that its board of directors has approved an agreement to sell its subsidiary Toshiba Memory Corporation (TMC) to Pangea, an ad hoc company formed by a consortium in which Apple is a member.


The consortium, formed by Bain Capital Private Equity, includes the US firms Kingston Technology, Seagate Technology and Dell Technologies Capital, as well as Japan's Hoya, the South Korean SK Hynix, and finally a reinvestment by Toshiba.

Together, US investors will contribute 415.5 billion yen (3.7 billion US dollars) to the purchase of Toshiba's chips business, for a deal totalling 2,000 billion yen (17.7 billion dollars).


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