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Toshiba gets approval for sale of memory chip business

Jamie McKane

MyBroadband Journalist
Super Moderator
Joined
Mar 2, 2016
Messages
1,862
#1
Toshiba gets approval for sale of memory chip business

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, according to a person familiar with the matter.

China has approved the sale to a group led by Bain Capital, the person said, asking to not be identified ahead of an announcement.

[Bloomberg]
 

Knyro

Honorary Master
Joined
Jul 5, 2010
Messages
26,275
#2
Toshiba was really run into the ground over the past few years. Completely incompetent management.
 
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