Tag: Silver Lake

Silver Lake and Broadcom want Toshiba’s flash

Private equity outfit Silver Lake and US chipmaker Broadcom have offered Toshiba Corp about $17.9 billion for its chip unit.

According to the Nikkei Business Daily, 10 bidders have thrown their hats in the ring to buy a stake the NAND flash memory maker.

These include Western Digital which runs a chip plant with Toshiba in Japan, Micron, and South Korean chipmaker SK Hynix and financial investors.

Toshiba wants to make at least $8.93 billion from the sale of part or all the business to cover write-downs at its Westinghouse nuclear unit. It says it expects investors to value its chip operations at about $17.9 billion. This means that the Silver Lake Broadcom offer is close to the asking price.

Toshiba is also asking potential bidders whether they intend to resell their stakes and wants to decide on the sale before a shareholders meeting in June, the Nikkei said, without saying where it obtained the information.

Toshiba shareholders on Thursday agreed to split off its prized chip unit, paving the way for the sale.


Private equity eyes up AMD – report

AMD Analyst Day '15_2Silver Lake, which master minded the exit of Dell as a publicly listed company, is reported to be thinking about taking a 20 percent share in troubled microprocessor company AMD.

Fudzilla reports that multiple industry sources have leaked the news to Fuad Abazovic, the master mind of the independent web site.

AMD’s shares sell at less than $2 so Silver Lake wouldn’t have to shell out very much money to acquire a fifth of the company.

AMD has struggled in recent years to be competitive both with chip giant Intel and its graphics rival Nvidia.

It needs the money.

Fudzilla also reports that AMD is set to lay off more people in the very near future.

AMD could not be reached for comment at press time.

Silver Lake buys into Motorola

cashPrivate equity firm Silver Lake is going to plunge $1 billion into Motorola Solutions, giving the firm two seats on the board of directors.

It will buy Motorola Solutions shares at $68.50 each, with the whole amount coming to roughly $1 billion.

Motorola said in a statement it will use the money to develop products for video monitoring, analytics and content management.

Back in April, Motorola Solutions put itself up for sale but no one was interested in taking it to the altar.

Motorola Solutions is nothing to do with Motorola Mobility, which Chinese firm Lenovo now owns.

Silver Lake staff were the masterminds behind turning Dell into a private company in 2013.