Toshiba completes the sale of memory companies to Bain Capital

Apple has a bigger share in the memory chip market because Toshiba has officially ccluded its sale to Bain Capital. Apple is part of the csortium with the winning bid for Toshiba's memory chip business.

  Toshiba with big piles of mey

Toshiba ends the sale of its memory activities to Bain Capital

Toshiba announced Friday was complete. The agreement gives Toshiba a much needed cash infusi because the company lost billis of dollars thanks to its Westinghouse divisi

The csortium includes Apple, Dell, Hoya, Hynix, Seagate and Kingst. Companies do not have direct ctrol over the memory manufacturing process, but are undoubtedly in a better positi to get good deals the NAND flash RAM they need for their products.

[ Toshiba sells its Chip Business Memory to Bath ]

[ Toshiba Signs $ 18 Billi Sales Agreement to Bain Csortium Business ]

Producti Memory chips that previously belged to Toshiba is now under the ctrol of KK Pangea, a company created for the sole purpose of running the business. K.K. Pangea is ctrolled by the csortium companies.

Toshiba holds 40.2 percent stake in the new memory chip divisi – not enough to ctrol votes. The company hopes at e time or another to make the flea industry an affiliate business, but does not say when that could happen.

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