Toshiba seeks exit from PE-controlled flash memory business
Toshiba is exploring ways to fully exit its 40.2% stake in Kioxia Holdings, two years after selling control of the Japanese flash memory division to a Bain Capital-led consortium for an enterprise valuation of JPY2 trillion ($18.7 billion).
The conglomerate didn’t specify the likely exit route and timing, merely stating that it had no strategic intention to remain in the memory business and would return most of the sale proceeds to shareholders....
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