Loading...

Apple is reportedly debating whether to take a 3 billion stake in Toshiba (AAPL) from Ayman's blog

tim cook

Apple is "in talks" about taking a multibillion dollar stake in Japan`s Toshiba, according to a Bloomberg report on Thursday.

The iPhone maker is reportedly discussing a deal that would see it put 3 billion (£2.3 billion) towards Bain Capital`s bid for Toshiba`s memory chips business.

Apple was reported to be interested in joining the Toshiba buying consortium on August 30 but this is believed to be the first time a figure has been floated regarding Apple`s contribution.

Apple uses Toshiba`s flash memory in its iPhones and iPods. Taking a stake in Toshiba`s memory chips business could give it a more reliable supply and enable it to become less dependent on rival Samsung, Bloomberg reports.

Bain Capital has already received support from Dell, Seagate, and SK Hynix, according to Bloomberg.

Toshiba and Bain are looking to reach a final agreement on the deal this month, according to people familiar with the matter that were cited by Bloomberg.

If the deal goes through then it may become Apple`s largest deal to date. The Cupertino-headquartered company acquired the Beats Electronics headphone business for 3 billion.

Bain Capital isn`t the only interested buyer. Western Digital, one of Apple`s own suppliers, has also tried to buy Toshiba`s memory chips business with support from KKR. Bloomberg reports that Apple`s contribution could help swing the deal in Bain`s favour.

Toshiba is selling its memory chips business to help pay for an expensive move into the US nuclear business, according to Bloomberg.

Apple has a policy of not commenting on rumours and speculation.

Join the conversation about this story »

NOW WATCH: Everything we know about the Apple `iPhone X` — which should be announced today


Share:
Previous post     
     Next post
     Blog home

The Wall

No comments
You need to sign in to comment

Like Us On FB

Follow Ayman

Blogger Tricks

Birthdays

simsim Basic

Blogs

Ayman Admin
LASHKAR GAH, Afghanistan (Reuters) - Afghan and fo... more
Ayman 42 minutes ago
Ayman Admin
PHNOM PENH (Reuters) - Cambodian Prime Minister Hu... more
Ayman one hour ago
Ayman Admin
BEIJING (Reuters) - China`s military on Sunday lau... more
Ayman one hour ago
MrPc Vip
“This time of year I get thankful baby, than... more
MrPc 2 hours ago
MrPc Vip
Saturday Night Live took us behind the scenes in i... more
MrPc 2 hours ago
MrPc Vip
ي& #1593;قد و& #1586;ر... more
MrPc 2 hours ago
Ayman Admin
SANTIAGO (Reuters) - Chileans vote for a new presi... more
Ayman 2 hours ago

Groups

Unity3d
4 members
FaceBook
8 members
Cats
9 members
Egypt
17 members
Twinity
17 members
There.com
25 members
Free website traffic to your site!

Donate

Google this