Bain Again Appears to Be Toshiba’s Choice for Its $22 Billion Chip Unit

Japan’s embattled Toshiba tosbf has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction.

But it’s unclear whether the decision by Toshiba’s board will mean the sale will now proceed smoothly, as rival suitor Western Digital wdc has initiated...

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