Foxconn ready to throw cash in Toshiba just to get the assets for the release of memory

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POSTER: computer news   ||   FOXCONN READY TO THROW CASH IN TOSHIBA JUST TO GET THE ASSETS FOR THE RELEASE OF MEMORY	DATE:2017-04-11
The Chinese giant Hon Hai Precision Industry, better known by the Foxconn trademark, already has the experience of "taking Japanese asset sellers from scratch", since after lengthy negotiations and a series of scandals surrounding the terms of the deal, still managed to take control of the Japanese corporation Sharp - , For the opportunity to receive "on favorable terms" liquid crystal panels for mobile devices and televisions.  In conditions where the latter are in short supply, the "right of the first wedding night" for the Chinese giant of the electronics industry may not be superfluous. The Wall Street Journal , citing informed sources, reports that Foxconn is offering at least $ 27 billion for Toshiba's solid-state memory assets, and the closest competitor is only $ 18 billion. It is known that Chinese investors are not favorites of this race in terms of Japanese authorities who attribute to Toshiba the possession of some "strategically important technologies."  However, when it comes to money, national interests can recede into the background - for Toshiba it is now very important to cover their losses and restore the credibility of creditors, because the money obtained from the sale of the NAND-type memory business will end sooner or later, and it will be necessary to take new  Loans. Along the way, Reuters reports that Vestel, the Turkish manufacturer of television equipment, has confirmed its own interest in acquiring Toshiba's TV business, which focuses on the domestic market of Japan.  These assets are needed by the Turkish company to strengthen its position in the international market.  Negotiations are still underway, but it's too early to talk about their success. Related Products :

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