Apple is wading into the middle of the battle for Toshiba’s memory-chip business. The Cupertino iPhone maker is in talks with Bain Capital to bid for the unit, in competition with a group that includes KKR & Co. and Western Digital Corp., according to people familiar with the matter. Bain had previously submitted a $19 billion offer with another group that included state-backed Innovation Network Corp. of Japan and Development Bank of Japan. Apple depends on flash memory from Toshiba in its iPhones and iPods and wants a continued supply so it’s not dependent on rival Samsung. “There are supply shortages of that type of memory,” Michael Walkley, an analyst with Canaccord Genuity.
NYS Entity Status
NYS Filing Date
AUGUST 11, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - ARIEL CAPITAL GROUP CORP.
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