Toshiba chip unit sale to Bain-led consortium wins Chinese regulatory nod

China regulatory authorities have approved the $18 billion sale of Toshiba Corp's chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK reported on Thursday, without citing sources.

The antimonopoly review has been the biggest and last hurdle to the sale of the troubled Japanese conglomerate's most prized asset. A Toshiba spokeswoman said the company had not confirmed whether there had been any approval by Chinese regulators. A representative for China's State Administration.

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