Apple Lossless Audio CODEC (ALAC), is in the process of finalizing the procedure to buy a division of Toshiba that produces memory chips, the American company being part of a consortium that will spend 18 billion dollars in this project. According to the press, the entire procedure has entered the last stage of negotiations, so that the final terms of the purchase are established at this moment before the documents are signed and the ownership transfer is made.
The agreement to buy the Toshiba division could be announced as early as Thursday by the consortium that includes Apple. Dell SK Hynix and other companies are investing the sum of 18 billion dollars to buy the Toshiba division, and those from Apple would contribute about 3 billion dollars of the entire amount, a considerable figure in the entire project created.
Even if the agreement is nearing completion and the conclusion of the contract, there is always the possibility that another postponement may appear in the negotiations. However, thanks to this project, the Apple company will have a lot to gain from the acquisition of this Toshiba division, ensuring low prices for components and a continuous and greater flow of memories dedicated to its products.
"Apple is part of a consortium of partners Bain has assembled for the offer aimed at resolving a contentious auction that has stretched over eight months, said the people, asking not to be named because the matter isn't public. The formal announcement may slip given Toshiba's track record of missing deadlines, they said."
