Toshiba picks Bain-Japan govt consortium to buy chip unit, deal faces hurdles

Toshiba picks Bain-Japan govt consortium to buy chip unit, deal faces hurdles

FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo

Toshiba Corp has chosen a consortium of Bain Capital and Japanese government investors as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massive losses.

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