The company funded the investment of approximately $1.27 billion by utilizing cash from its balance sheet.
Seagate Technology, a global provider in storage solutions, announced the company, along with a consortium of investors led by Bain Capital Private Equity, completed the previously announced acquisition of Toshiba Memory Corporation by K. K. Pangea, a Japanese company formed for purposes of the acquisition. The company funded the investment of approximately $1.27 billion by utilizing cash from its balance sheet.