After lengthy negotiations, Toshiba this morning officially agreed to sell its lucrative memory chip unit to a global consortium that includes Apple, in a deal reportedly worth $17.7 billion (via The Wall Street Journal).
Toshiba said the legally binding agreement ensures the chip unit will remain a Toshiba affiliate even after it has become the property of the Bain Capital-led group, which includes Apple, Dell, Seagate, Hoya, and SK Hynix.
Toshiba and Bain want to get the deal done by the end of March, despite ongoing litigation with Western Digital, which jointly operates the memory business with Toshiba. Western Digital claims it has the right to vote on [...]
After months of negotiations, Toshiba has decided to sell its memory chip unit to a global consortium that includes Bain Capital, SK Hynix, Dell, and Apple, reports Reuters.
No official announcement has been made by Toshiba as of yet, but the company is expected to announce the sale on Wednesday. As of Tuesday, Toshiba was said to be leaning towards a group backed by Western Digital, but Western Digital is said to have failed to agree to some of Toshiba’s terms regarding limits on WD’s future stake in the business.
Western Digital may still attempt to block the sale and is said to be prepared to seek a court injunction to stop it. Western Digital [...]
Despite the objections of some cinema chains, the largest Hollywood studios are considering pushing ahead with a plan to offer digital rentals of films just weeks after they appear in theaters, according to Bloomberg.
The report, citing people familiar with the matter, claims Universal Pictures and Warner Bros. remain in talks with potential distributors such as Apple and Comcast on ways to push ahead with the project even without theater chains.
A deal with Apple, which reportedly could happen as soon as early next year, means iTunes could supposedly offer major films as early as 17 days after their theatrical debut for about $50, or four to six weeks from [...]
iRobot has responded to an article posted earlier this week by Reuters, in which it was said that company CEO Colin Angle „could reach a deal to sell its maps to one or more of the Big Three in the next couple of years,“ representing Apple, Amazon, and Google. Angle said that such shared data could bolster the intelligence of other smart home devices like light bulbs, thermostats, and security cameras.
Many users became fearful of such personal home data flowing freely between multiple companies, and in response today Angle and an iRobot PR representative have confirmed that „iRobot will never sell your data.“ In a letter sent to ZDNet, Angle said [...]