Western Digital Corporation is ready to buy Toshiba Memory assets almost on any terms that do not require significant material costs in the near future. American investors in the eyes of the Japanese authorities are preferred buyers, if one chooses between them or those from China and South Korea. As explained by Reuters , now WDC agrees to purchase a stake of not more than 19.9% of Toshiba Memory shares, in order to increase the chances for accelerated approval of the transaction. The rest of the shares should be redeemed by investment funds and banks.
On this front, too, there is a regrouping of forces. Headed by the Japanese fund, the investment consortium, which includes WDC, has replaced the American company KKR & Co LP with Bain Capital. The reasons for such a replacement are not explained, but it is obvious that such a composition of investors is more comfortable with themselves, since for the seller such a rearrangement changes little.
Previously, Bain Capital was on the side of SK Hynix. The change of ally in the bidding for Toshiba Memory's assets may indicate that Koreans are dropping out of this race. The name of the purchaser of Toshiba Memory assets will be announced next week .