TOSBF News and Press, Toshiba Corp From 04/20/21

CVC Capital Partners submitted a final offer of sorts to take Toshiba ([[TOSBF]],[[TOSYY]]) private, but the Japanese conglomerate says the deal has stalled due to the lack of details in the proposal.CVC submitted letters that "merely stated that CVC would step aside to await our gu...

CVC Capital Partners is reportedly delaying its formal offer to take Toshiba ([[TOSBF]],[[TOSYY]]) after the Japanese conglomerate's CEO resigned earlier this week.The firm made a preliminary $20B offer on April 6 and said a formal proposal would follow in about 10 days.Nikkei Asian...

Confirming prior reports, Toshiba ([[TOSBF]],[[TOSYY]]) CEO Nobuaki Kurumatani has stepped down and will be replaced by Chairman Satoshi Tsunakawa, effective immediately.Tsunakawa, who joined the company in 1979, had served as Toshiba's president between 2016 and 2019.Approval for Kuruma...

Last month, Microsoft (MSFT) discovered that a China-linked hacking group called Hafnium was targeting the company's Exchange servers through four vulnerabilities. Microsoft rolled out patches, but the fixes didn't close backdoors opened in attacked servers.Yesterday, the Justice Departm...

ByteDance (BDNCE) gaming subsidiary Nuverse acquires Shanghai-based mobile game publisher C4games for undisclosed terms.C4 titles include popular titles Fangzhi Shaonü and Red Alert Online, the latter of which is a spinoff of EA's Command & Conquer that's distributed by Tencent ...

Foundry giant TSMC (TSM) is currently "evaluating the impact" of a power outage at a chip plant at the South Taiwan Science Park.The outage was caused by construction workers accidentally severing an underground power line in the late morning. Most supply was restored by 7 p.m. local to ...

Apple (AAPL) is "positioned to report sizable upside versus expectations" when it reports FQ2 results later this month, says Evercore analyst Amit Daryanani.Daryanani maintains a Buy rating and $175 price target for Apple and adds the iPhone maker to the tactical outperform list.The...

Toshiba ([[TOSBF]],[[TOSYY]]) CEO Nobuaki Kurumatani will reportedly resign on Wednesday after three years in the job due to clashes with activist investors and a lack of support among senior management.Nikkei Asian Review sources say Kurumatani will be replaced by Chairman Satoshi Tsunakawa....

Toshiba ([[TOSBF]],[[TOSYY]]) board chair Osamu Nagayama throws some cold water on the offer from CVC Capital Partners to take the company private, saying the offering isn't legally binding and that there are important factors to consider, which include the complicated path to appro...

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