{"id":24602,"date":"2017-09-20T13:24:21","date_gmt":"2017-09-20T17:24:21","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=24602"},"modified":"2017-09-20T13:24:21","modified_gmt":"2017-09-20T17:24:21","slug":"toshiba-to-sell-chip-unit-to-bain-capital-led-group-for-18-billion","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2017\/09\/20\/toshiba-to-sell-chip-unit-to-bain-capital-led-group-for-18-billion\/","title":{"rendered":"Toshiba to sell chip unit to Bain Capital-led group for $18 billion"},"content":{"rendered":"<p><em>Reuters<\/em> has the article <a href=\"https:\/\/uk.reuters.com\/article\/uk-toshiba-accounting\/toshiba-to-sell-chip-unit-to-bain-capital-led-group-for-18-billion-idUKKCN1BV09Y\" rel=\"noopener\" target=\"_blank\">Toshiba to sell chip unit to Bain Capital-led group for $18 billion<\/a>.<\/p>\n<blockquote><p>\nJapan\u2019s Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange.\n<\/p><\/blockquote>\n<p>A statement later on in the article is what really raised my concern.<\/p>\n<blockquote><p>\nAlso, the semiconductor business requires huge amounts of investment, and Toshiba\u2019s chip unit risks losing its competitive ability as rivals such as Samsung Electronics roll out big capital spending plans.\n<\/p><\/blockquote>\n<p>It seems to me that Bain Capital has a habit of stripping the resources from companies that it buys, puts the companies into huge debt, then walsk away with the money, and leaves the remnants to the bankruptcy courts.<\/p>\n<p>Since the semiconductor business requires huge amounts of investment, this approach is sure to kill off Toshiba Semiconductor.  Of course, I have no crystal ball, and I am no expert.  Of course, Toshiba&#8217;s weak financial position might have doomed the semiconductor division even if Toshiba had tried to hang on to it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters has the article Toshiba to sell chip unit to Bain Capital-led group for $18 billion. Japan\u2019s Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. A [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-24602","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/24602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=24602"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/24602\/revisions"}],"predecessor-version":[{"id":24603,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/24602\/revisions\/24603"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=24602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=24602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=24602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}