Japan Chip Giant Rohm to Invest $722 Mln in Toshiba Buyout Group 

A man arrives to attend Toshiba Corporation's 184th annual general meeting of shareholders in Tokyo on June 29, 2023. (AFP)
A man arrives to attend Toshiba Corporation's 184th annual general meeting of shareholders in Tokyo on June 29, 2023. (AFP)
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Japan Chip Giant Rohm to Invest $722 Mln in Toshiba Buyout Group 

A man arrives to attend Toshiba Corporation's 184th annual general meeting of shareholders in Tokyo on June 29, 2023. (AFP)
A man arrives to attend Toshiba Corporation's 184th annual general meeting of shareholders in Tokyo on June 29, 2023. (AFP)

Rohm co said on Tuesday it will invest 100 billion yen ($722.33 million) in the group led by Japan Industrial Partners that is launching a tender offer for Toshiba Corp.

Rohm also plans to underwrite 200 billion yen of non-voting preferred stock issued by TBJ Holdings which will be set up by the Japan Industrial Partners for the tender offer of Toshiba.

"Toshiba's semiconductor business is highly compatible with the company," Rohm said of its investment, in a statement.



Meta Adds Three Board Members Including UFC Boss Dana White, Key Figure in Trump's Orbit

Dana White, CEO of the Ultimate Fighting Championship gestures as he speaks during a rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden, in New York, U.S., October 27, 2024. REUTERS/Andrew Kelly/File Photo
Dana White, CEO of the Ultimate Fighting Championship gestures as he speaks during a rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden, in New York, U.S., October 27, 2024. REUTERS/Andrew Kelly/File Photo
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Meta Adds Three Board Members Including UFC Boss Dana White, Key Figure in Trump's Orbit

Dana White, CEO of the Ultimate Fighting Championship gestures as he speaks during a rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden, in New York, U.S., October 27, 2024. REUTERS/Andrew Kelly/File Photo
Dana White, CEO of the Ultimate Fighting Championship gestures as he speaks during a rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden, in New York, U.S., October 27, 2024. REUTERS/Andrew Kelly/File Photo

Meta has appointed three new members to its board of directors, including Dana White, the president and CEO of Ultimate Fighting Championship and a key figure in the orbit of incoming President Donald Trump.

The social media company, which owns Facebook, Instagram and WhatsApp, is also adding auto tycoon John Elkann and tech investor Charlie Songhurst, Meta CEO Mark Zuckerberg said in a Facebook post late Monday.

White's ties with Trump date back to 2001, when White hosted a UFC at the Republican's former casino-hotel in Atlantic City, New Jersey, the Trump Taj Mahal. Trump has also appeared with White at UFC matches over the years, especially in his 2024 campaign as part of efforts to appeal to younger male voters.

White, in turn, has had speaking roles at the 2016, 2020 and 2024 Republican conventions and appeared on stage at Trump’s election victory party in November, even speaking briefly to the crowd.

White has built UFC “into one of the most valuable, fastest growing, and most popular sports enterprises in the world,” Zuckerberg said. “I’ve admired him as an entrepreneur and his ability to build such a beloved brand.”

Zuckerberg is also active in mixed martial arts. Zuckerberg and fellow billionaire Elon Musk seemingly agreed to fight in a “cage match” in 2023, but it never happened.

Elkann, another person joining Meta's board, is the CEO of Exor, a Netherlands-based investment company, and chairman of its two auto companies, Stellantis and Ferrari.

Zuckerberg said Elkann has "deep experience running large global businesses and he brings an international perspective to our board."

Songhurst previously worked at Microsoft and joined began advising Meta last year on artificial intelligence.