KKR/Bain Trying to Persuade Apple to Switch Sides
In bid for Toshiba flash chip business
By Jean Jacques Maleval | September 27, 2017 at 2:18 pmTo read this article from Bloomberg Technology, click on:
KKR Said to Be Wooing Apple to Switch Sides in Toshiba Bid
KKR & Co. is trying to persuade Apple Inc. to switch sides and join the private equity firm in a bid for Toshiba Corp.’s flash memory chip business, according to a person familiar with the discussions.
Switching to the KKR group from the Bain group would require Apple to become more comfortable with Western Digital Corp.’s role in its manufacturing joint venture partnership with Toshiba after the acquisition and that may still prove a sticking point, said the person, who asked not to be identified because the matter is private.