Deals
Toshiba Chip Sale to Bain Group Cleared by China Regulator
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Toshiba Corp. got regulatory approval from China for the sale of its memory chip business, clearing the way for the 2 trillion yen ($18 billion) deal with a group led by Bain Capital.
The sale of the semiconductor business will take place on June 1 after approval was gained from all necessary regulators, the Tokyo-based company said in a statement Thursday. The deal had already missed earlier deadlines for clearance as the companies waited on Chinese antitrust authorities to make a decision.