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The Bain, SK Hynix, Apple bid for Toshiba has been upped to $22 Billion as Decision Time Draws Nigh



Over the last ten days it's become very clear that Apple wants a part of Toshiba. On August 30th Patently Apple posted a report titled "Bain Capital along with Apple Offer Last-Ditch Bid for Toshiba's Memory Chip Business," and on September 7th we posted a report titled "Foxconn says their Bid for Toshiba is not a Chinese Deal as Apple would own 20%, Kensington 20%, Sharp 15%." Now, just before midnight, a new report has surfaced claiming that the Bain, Hynix, Apple offer was upped to $22 billion.


There are now three main bids in play for Toshiba and Apple is in on all of them. As the number of iPhone models expand and future devices like a headset is envisioned, Apple needs a secure source for memory beyond Samsung.


Reuters report states that "Under their latest offer, Bain and SK Hynix offered to provide a combined total of around 567.5 billion yen, while Apple Inc would provide 335 billion yen (US$3.1 billion), according to sources. Toshiba would keep 250 billion yen in the business, they said.


U.S. technology firms and other Japanese companies were also expected to provide funding, while major banks were expected to provide a total of around 600 billion yen in funds, the sources said.


The reason for the flurry of last minute bids is that Toshiba's board is due to meet this coming Wednesday, to consider the offers. "


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