SK Hynix Teams Up With Bain Capital to Takeover Toshiba NAND Flash

Presenting ¥2 trillion for price at preliminary bidding

By Jean Jacques Maleval | April 20, 2017 at 3:00 pm

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SK Hynix Teams Up with Bain Capital to Takeover Toshiba’s NAND Flash Business
SK Hynix has teamed up with a U.S.-based private equity firm (PEF) Bain Capital to acquire the memory chip unit of Toshiba, the world’s second-largest maker of NAND flash memory chips.
SK Hynix is known to present 2 trillion yen (20 trillion won) for the price at the preliminary bidding held on March 29. Taiwan’s Hon Hai Precision Industry, a holding company of Foxconn which produces Apple’s iPhones, presented ¥3 million, one million yen more than SK Hynix.