Tag: Bain Capital

Toshiba Says China Approves Sale of Chip Unit to Bain Consortium

Embattled Japanese conglomerate Toshiba on Thursday said Chinese regulators have given approval for its plan to sell its prized chip unit – the final hurdle to complete the deal. Toshiba agreed in September to sell its memory chip business to a consortium led by US investor Bain Capital, which was seen as crucial to keeping it afloat […]