https://www.theregister.co.uk/2017/09/29/toshiba_pangea/

Analysis The Bain consortium buying Toshiba's flash memory business includes Toshiba itself and is setting up "Pangea" to hold its bought assets. Yes, named for a super-continent that split apart 175 million years ago – not a good augury.

Seagate is emerging as a big winner in the deal, if it survives WDC's legal assault. There are nine companies involved in the Bain consortium and they will be part of and fund K.K. Pangea, a special company set up to buy the Toshiba Memory Corporation (TMC) and its flash foundry assets for for ¥2 trillion ($18bn).