Toshiba has been under a lot of stress and had problems to cover billions in losses at its bankrupt U.S. nuclear business Westinghouse, things went so bad that a plan was needed and they sold the NAND division to a consortium called Bain capital. Well, things have reached a turning point. 

Investment company Bain Capital remains the most important shareholder, followed by Toshiba. After the sale of their shares, Apple, Dell, Kingston and Seagate will have earned several hundred million dollars in the transaction. Toshiba Memory can buy back the shares through a loan from Japanese banks. Ultimately, Toshiba former nand division wants to go to the stock exchange in Japan at the end of this year or at the beginning of next year.

Apple, Dell, Kingston and Seagate joined Bain in a consortium to be able to purchase Toshiba's neighboring department so Western Digital could not do that. In addition to the four American companies, SK Hynix is also in the consortium that purchased Toshiba Memory shares.

Toshiba Memory buys back shares from Apple, Dell, Seagate and Kingston