Consortium that includes Apple making a ‘last-ditch bid’ for Toshiba’s chip division

Reuters reports that a consortium led by Bain Capital and including Apple has offered a revised last-ditch bid for Toshiba's chip division that’s worth $18 billion.

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Under the new proposal, Bain and Toshiba would both hold 46% each of the unit, Japanese broadcaster NHK reports. The article says that talks between the conglomerate and a Western Digital-led consortium have stalled.

Toshiba is spinning-off its core memory chip business and has been seeking outside investors in it. Apple is apparently interested as the move would allow it to lock in memory technology for its iPhone and other products.