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China approves Toshiba chip unit sale to Bain Capital

China approves Toshiba chip unit sale to Bain Capital

Signage for Toshiba Corp. displayed atop the company's headquarters is seen through a monorail train window in Tokyo, Japan, on Tuesday, March 28, 2017. Photographer: Kiyoshi Ota/Bloomberg

Toshiba Corp. got regulatory approval from China for the sale of its memory chip business, clearing the way for the 2 trillion yen ($18 billion) deal with a group led by Bain Capital.

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