POST Online Media Lite Edition



 

China approves Toshiba's sale of $18 billion chip unit to Bain

Staff Writer |
Toshiba said that China regulators have approved the $18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital.

Article continues below




“All antitrust approvals have now been received and we are looking forward to closing this investment,” Bain Capital said in a statement on Thursday.

“The Bain Capital-led consortium has committed to make significant capital investments to help develop and grow semiconductor technology.”

Toshiba said that it expects the deal to be completed on June 1.


What to read next

Toshiba selling medical leasing unit to Canon
Western Digital resubmits bid for Toshiba chip unit at last moment
Toshiba suing Western Digital for 1 billion