Toshiba's chip sale to consortium wins regulatory approval
TOKYO (AP) " Japanese electronics company Toshiba Corp. said Thursday the sale of its computer memory chip business to a consortium led by Bain Capital Private Equity has cleared all anti-trust regulatory approval, including one it was awaiting from China.That means the deal, valued at 2 trillion yen ($18 billion), can now close by June 1, Tokyo-based Toshiba said.Toshiba, which also has railroad and nuclear energy units, was counting on the deal for a turnaround.Its U.S. [...]
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