Bain Capital, the leader of a successful bid by a consortium of investors to acquire Toshiba's chip business, says it will support the firm's future purchases in the memory industry.Speaking at a conference following the completion of the $18 billion deal, Yuji Sugimoto, head of Bain Capital in Japan, said: "I believe our financing power will enable Toshiba Memory to engage in large-scale M&A deals."Last week, Bain Capital's consortium and Toshiba announced the completion of the buyout.Despite delays caused by Chinese antitrust regulators in the midst of a battle between the US and China on trade deals, the acquisition is now wrapped up. Investors including Apple, SK Hynix, Dell, and Seagate Technology now own portions of the lucrative unit.Toshiba was able to repurchase 40 percent of the memory chip business under the terms of the sale, and the memory business is expected to become an affiliate in the future. As reported by Reuters, Toshiba Memory president Yasuo Naruke … [Read more...] about Bain Capital pledges support for further Toshiba chip acquisitions
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Bain Capital to support Toshiba Memory pursue chip sector acquisitions
TOKYO (Reuters) - Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing acquisitions in the chip industry. “I believe our financing power will enable Toshiba Memory engage in large-scale M&A deals,” Yuji Sugimoto, head of Bain Capital in Japan, said at a news conference after its consortium completed the deal last week. Bain will hold discussions with Toshiba Memory president Yasuo Naruke on what kind of technologies or acquisitions would be needed strategically for the company ahead, he added. Naruke said the firm would in the longer term need various technologies relating to next generation memory chips. Last September, the Bain consortium won a long and highly contentious battle for Toshiba Corp’s chip business, the world’s No. 2 producer of NAND chips. Toshiba Corp, which put the business up for sale after billions of dollars in cost overruns at its Westinghouse … [Read more...] about Bain Capital to support Toshiba Memory pursue chip sector acquisitions
IHS Markit Announces Intent to Acquire Ipreo, a Leading Software Solutions and Data Provider in Global Capital Markets
LONDON--(BUSINESS WIRE)--May 21, 2018--IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, has signed a definitive agreement to acquire Ipreo, a leading financial services solutions and data provider, for $1.855 billion from private equity funds managed by Blackstone and the Goldman Sachs Merchant Banking Division.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180521005401/en/The acquisition is expected to close in the second half of 2018, subject to customary closing conditions and regulatory filings and approvals, including with the UK Financial Conduct Authority and under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976.IHS Markit also announced today that, following a detailed review of its financial services businesses as part of a disciplined capital allocation strategy, it has initiated a process to sell MarkitSERV, its derivatives processing business. MarkitSERV is … [Read more...] about IHS Markit Announces Intent to Acquire Ipreo, a Leading Software Solutions and Data Provider in Global Capital Markets
Comments for : Apple, Google, Amazon and others are interested in buying Toshiba’s memory chip business
posted on 01 Apr 2017, 21:24 1 1. Arch_Fiend (Posts: 3781; Member since: 03 Oct 2015) Apple will win it if they really want it. posted on 01 Apr 2017, 21:49 1 2. izim1 (Posts: 1457; Member since: 04 Feb 2013) You mean Hon Hai. Apple is already $90billion in long-term debt, while buying out tech companies for contract manufacturing is what foxconn does for a living. Apple can't win a bidding war against them. Not right now. The only way apple wins this is if western digital and foxconn back down. posted on 01 Apr 2017, 22:15 1 3. Arch_Fiend (Posts: 3781; Member since: 03 Oct 2015) Apple made almost twice as much as foxconn last year. they don't give a fuck about that 90 billion lol. 4. izim1 (Posts: 1457; Member since: 04 Feb 2013) Yeah that's not how economics and financing works, but nice try. It seems you think apple has a money vault like uncle scrooge from ducktales or something where tim cook goes for a swim, doing the backstroke while spitting out … [Read more...] about Comments for : Apple, Google, Amazon and others are interested in buying Toshiba’s memory chip business
Comments for : Banks about to close on $45 billion in financing for SoftBank’s possible T-Mobile bid
posted on 05 Feb 2014, 23:00 2 1. lexingtonsteeley (Posts: 19; Member since: 12 Jun 2013) Soo.... If this goes through, that means Softbank will own Sprint, Clearwire, Tmobile and Metro PCS. Given what they did to Clearwire ( removed unlimited caps and raised prices ), i don't see them doing anything in the customers interests with T mobile. Praying it gets blocked by DOJ posted on 05 Feb 2014, 23:15 1 2. Topcat488 (Posts: 1402; Member since: 29 Sep 2012) Well if he wants to keep his customers, he'll have to do what CEO John Legere is doing for T-Mobile... Because if he doesn't I for one am not under any contract to stay... T-Mobile=The Uncarrier carrier... posted on 05 Feb 2014, 23:18 1 3. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010) You can pray if you want to, but this deal ain't a-happening. Son will have to swallow more than his pride. posted on 06 Feb 2014, 00:43 0 5. snowgator (Posts: 3609; Member since: 19 Jan 2011) Doug, I think you … [Read more...] about Comments for : Banks about to close on $45 billion in financing for SoftBank’s possible T-Mobile bid