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Thread: Toshiba gets approval for sale of memory chip business

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    MyBroadband Journalist Jamie McKane's Avatar
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    Default Toshiba gets approval for sale of memory chip business

    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]

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    Super Grandmaster Knyro's Avatar
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    Toshiba was really run into the ground over the past few years. Completely incompetent management.
    Quote Originally Posted by Chris_the_Brit View Post
    Yes I'm an Australian citizen.

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