Toshiba closes $18B chip unit sale
Toshiba has completed the US$18 billion sale of its chip unit to a consortium led by Bain Capital, with the Japanese tech giant repurchasing a substantial stake in the business.
Toshiba has completed the US$18 billion sale of its chip unit to a consortium led by Bain Capital, with the Japanese tech giant repurchasing a substantial stake in the business.
A Hong Kong-based activist investment fund thinks the US$18 billion price tag on Toshiba's chip unit could be worth double its agreed price.
Toshiba could have more options for its chip unit after China said it was still reviewing a proposed US$18 billion acquisition by a Bain Capital-led consortium.
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