Toshiba said on September 20, 2017 it would sell its memory chip business to a group led by US investor Bain Capital, in a deal worth around 18 billion USD and seen as crucial to keeping the Japanese conglomerate afloat. Photo: AFP

China approves Toshiba's sale of US$18 billion chip unit to Bain-led group

The anti-monopoly review had been the last and biggest hurdle to a successful sale of Toshiba Memory

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Toshiba said on September 20, 2017 it would sell its memory chip business to a group led by US investor Bain Capital, in a deal worth around 18 billion USD and seen as crucial to keeping the Japanese conglomerate afloat. Photo: AFP
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