Top of the Order:
Line ‘Em Up: Many powerful alliances have emerged throughout history, in a variety of areas.
There were the Allies in World War II, and then NATO. In music, you can count Lennon and McCartney, Jagger and Richards, and from the late, great Husker Du, Bob Mould and Grant Hart (RIP, Grant). And when it comes to business, there are names galore that have come together to change all kinds of industries.
Harley and Davidson. Hewlett and Packard. Jobs and Wozniak. Gates and Allen. Page and Brin. There are certainly many more, too.
But, how’s this for a mouthful of partners? Bain and Apple and Dell and Kingston and Seagate. Because that’s what’s come together to make a bid for Toshiba’s memory-chip business.
Bain, the Boston-based consulting giant (which was co-founded by former Massachusetts governor and Republican presidential candidate Mitt Romney), said late Thursday it added Seagate to the team that is ponying up various sizes of investments in order to purchase Toshiba’s memory business for a reported $22 billion. Added along with Dell, Apple and Kingston, and that’s a starting five that could be the chip-industry equivalent of the Golden State Warriors going out onto the basketball court.
But, even with those names involved, there is still a potential spanner in the works.
Despite Bain’s promise to to maintain Toshiba’s memory business as an independent company, San Jose-based data-storage leader Western Digital has threatened to sue to block the Bain-led efforts. Western Digital has a joint venture with Toshiba, and the company believes that Toshiba selling its memory operations to Bain and its partners would violate the terms of that joint venture.
Toshiba is looking at wrapping up the terms of selling its chip business to the Bain group by the end of September, with an eye on getting final approval from regulators in Toshiba’s home country of Japan by March 2018. Until then, the alliances are lining up for what could be a memory-chip turf war.
That Would Be a “Lyft,” For Sure: As if Uber hasn’t taken enough punches this year, it might be about to get decked by Google parent Alphabet, in a way. Reports have surfaced saying Alphabet has been talking to Uber’s biggest rival, Lyft, about making an investment in the company that could be as large as $1 billion.
Un-Targeting Ads: This almost sounds like something from a late-70s “Saturday Night Live” skit. ProPublica discovered that advertisers on Facebook were able to purchase ads and have them targeted at … ahem … “Jew haters”. Following the revelation, Facebook said it would put restrictions on features that allowed advertisers to direct their ads to such individuals interested in hate speech and bigoted philosophies.
Bottom of the Lineup:
It’s Still Too Much: That was the general sentiment from Mercury News readers this week who responded to a story about a modest house in Sunnyvale that sold for $782,000 above its asking price. It seems that even in an area known for home prices that would induce strokes in home buyers anywhere else in America, the Sunnyvale house price was way too high for many to stomach.
Quote of the Day: ““[B]y hosting these secretly-sponsored Russian political ads, Facebook appears to have been used as an accomplice in a foreign government’s effort to undermine democratic self-governance in the United States.” — Trevor Potter, president of the Campaign Legal Center and a former chairman of the Federal Election Commission, in a letter to to Facebook CEO Mark Zuckerberg this week.
Sign up for the 60-Second Business Break newsletter at www.siliconvalley.com.
All Credit Goes To : Source link