Bain-led Consortium in Last-minute $18B Bid for Toshiba Chip Unit

8/30/17

A consortium led by Bain Capital and including Apple Inc(AAPL.O) has offered a revised last-ditch bid for Toshiba Corp’s (6502.T) prized memory chip unit worth about 2 trillion yen ($18.2 billion), a source with direct knowledge of the matter said.

Apple, a key client for Toshiba, is a new member of the consortium, which also includes South Korean chipmaker SK Hynix Inc (000660.KS)

The source declined to be identified as the talks were private.

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