Chinese regulator has approved a deal to buy a Toshiba unit by a consortium of investors led by Bain Capital

The Chinese antitrust regulator approved a deal to acquire the Toshiba chip manufacturing unit by a consortium of investors led by the US private equity fund, Bain Capital. This was written by The Wall Street Journal with reference to an informed source. The companies agreed on the terms of the transaction of $18 billion in September last year. However, prior to its closure, the approval of the Chinese regulator was required, which is one of the largest markets for the chips produced by Toshiba's division. The deal was agreed upon by Beijing without any changes to its terms.

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