The Bain Capital-led consortium includes key players such as Apple, Dell, Kingston and Seagate, but critically, leaves Foxconn and Western Digital out of the spoils, the latter of which already has ties to Toshiba through joint ventures inherited from its SanDisk acquisition. This same joint venture detail between Toshiba and Western Digital has delayed the bidding process and is a worrying factor for would-be buyers, since it could lead to legal issues in the future and all the accompanying expenses. However, Toshiba has tried to assuage investor fears by simply excluding assets and IP associated with the Toshiba-WD joint venture from the bidding process, which amount to around 5% of it semiconductor business tangible and intangible assets, amending the purchase price to compensate.
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