U.S. buyout firm Bain Capital LP plans to bid around 1.5 trillion yen ($13.5 billion) for a majority stake in Toshiba Corp’s chip business, people with knowledge of the matter said. The bid will be made in...
Electronics
Havells announces closure of Lloyd deal
Havells India Limited today announced the successful completion of its acquisition of Lloyd Consumer Durable Business Division (Lloyd Consumer). The acquisition has been executed at an enterprise value of Rs 1,600 crore...
BPL scraps partnership with Flipkart, moves to Amazon
Consumer electronics brand BPL, which was the TV brand of choice for millions of urban Indian households in the 1990s, has scrapped its three-year partnership with online marketplace Flipkart and has instead inked a...
KKR to buy Hitachi unit valued at $2.3 billion
U.S. buyout firm KKR said on Wednesday it has agreed to buy Hitachi Ltd’s (6501.T) chip-making equipment and video solution unit in a deal valuing the company at 257 billion yen ($2.3 billion), its second purchase...
Western Digital would consider Japan partners for Toshiba chip unit bid
Western Digital Corp (WDC.O), the U.S. partner of Toshiba Corp (6502.T) in a semiconductor venture, is in talks with Japanese government-backed investors and would consider a joint bid with them for the chip business, a...
Vacuum cleaner maker SharkNinja up for sale: sources
SharkNinja Operating LLC, the privately held U.S. manufacturer of Ninja blenders and Shark vacuum cleaners, is exploring a sale that it hopes will value it at more than $1.5 billion including debt, people familiar with...
Apple considers bidding for big stake in Toshiba chip business: report
Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp’s semiconductor business, Japanese public broadcaster NHK reported on Friday – the latest twist in the sale of the...
Apple may invest billions of dollars in Toshiba chips unit: report
Apple Inc. is considering an investment of several billion dollars in Toshiba Corp.’s semiconductor unit, Japan’s national broadcaster reported, raising the prospect that the struggling electronics conglomerate will get...
Intex investing Rs 1,500 crore in Greater Noida plants
Homegrown consumer electronics major Intex Technologies is investing Rs 1,500 crore in its Greater Noida plants of Uttar Pradesh to expand capacity across different assembly lines. So far, Rs 650 crore of this planned...
China’s LeEco abandons $2 billion deal to buy U.S. TV maker Vizio
LeEco has scrapped a planned $2 billion acquisition of U.S. consumer electronics company Vizio (VZIO.O) due to regulatory issues, a fresh setback to the cash-strapped Chinese conglomerate’s expansion drive. The...
U.S., Japan in talks to prevent China acquiring Westinghouse: U.S. official
The Trump administration and the Japanese government are in discussions to ensure that the bankruptcy of Toshiba Corp’s (6502.T) U.S. unit Westinghouse Electric Co does not lead to U.S. technology secrets and...
Apple, Amazon, Google join bidding for Toshiba chip unit: media
Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O) and Google have joined bidding for Toshiba’s (6502.T) NAND flash memory unit, vying with others for the Japanese firm’s prized semiconductor operation, the Yomiuri...
