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And ponders whether to let itself be bought by private equiteer CVC for $20bn Share
Toshiba has received an offer to go private.
The Japanese company has acknowledged [PDF] media reports that CVC Equity Partners has tabled a $20bn acquisition offer.
Toshiba’s response is a terse, stating it will “ask for further clarification and give it careful consideration”, then “make a further announcement in due course”.
Investors have been displeased with Toshiba for years. In 2015 the company admitted inflating profits after a probe of its accounting practices. More recently, investors sought an independent investigation into whether senior executives had unduly pressured shareholders in pursuit of their own re-election.
This evolution has continued even after the word was crowned. The earliest offerings were just dozens of thin virtual machines running on fat servers. You could pretend to be root even though your instance was a tiny fraction of the machine. Then FTP servers were rebranded as buckets and dropboxes. Since then, services have exploded and the letters “AAS” have become the favourite suffix for acronym creators.
The evolution continues and every new development prompts cloud users to rethink what they want to rent and what they expect to get for their money. Many of these are rediscovered ideas that have been repackaged and rehyped. Many are clever solutions that solve the problems created by the last generation of solutions. All of them give us a chance to look at what we’re building and, in the words of the poet, “make it new again.”
Posted April 6th, 2021 for TOSHIBA KAWASAKI―Toshiba Digital Solutions Corporation (Toshiba) today announced the launch of GridDB Cloud, a public cloud Database Managed Service for IoT and Big Data workloads. GridDB Cloud offers significant time-saving in database setup, monitoring, operation, and easy integration with cloud-native applications. Until recently, on-premise database deployment has been the preferred choice for applications that require high performance and extra layers of security. However, the surge in digital transformation leads to a rapid increase in cloud-native applications, and the utilization of cloud databases has exploded as a result. Furthermore, agile development has become mainstream, and as a consequence, there is a growing demand for Database Managed Services that are easy to operate and can be used instantly.