Toshiba, Bain finalize sale of memory-chip business

But the Japanese companies will hold more than 50 percent of the common stock in the consortium's special company, called Pangea, which also plans to get 600 billion yen ($5.3 billion) in loans.

Can't blame them really, they don't want the company to fall into foreign control, even though a good dose of western business management might have been what the company needed!

Bet Toshiba's about as happy they got into the nuclear business as Takata is for getting into the airbag industry.

I guess this is good news, but I still think it may have been better to just allow WD to take a larger stake seeing as this was a partnership between them. I'm very interested to know why those negotiations fell apart..