Toshiba ends months of speculation, sells chip unit to Bain-led group for $18b

Toshiba ends months of speculation, sells chip unit to Bain-led group for $18b

FILE PHOTO: The logo of Toshiba Corp is seen behind a traffic signal at its headquarters in Tokyo, Japan January 27, 2017. REUTERS/Toru Hanai/File Photo

Japan’s Toshiba Corp. said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key—albeit not its last—hurdle as it scrambles for funds to stave off a potential delisting.

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