Toshiba chip business set for $18B sale to Bain-led group backed by Apple

The long-running saga over the future of Toshiba’s memory chip business — the world’s second largest supplier of NAND memory used in phones and PCs — took a big step forward after the Japanese company officially agreed [PDF] to an $18 billion sale to a consortium led by Bain Capital, which includes Apple among its backers. A deal was agreed in principle earlier this… Read More