Toshiba Signs Memorandum to Accelerate Chip Sale Talks with Bain Group

9/13/17

Toshiba Corp said on Wednesday it has signed a memorandum to accelerate talks to sell its memory chip business to a group led by private equity firm Bain Capital and chipmaker SK Hynix Inc.

Toshiba said in a statement it now aims to sign a contract by late September but added that the memorandum does not exclude talks with other bidders.

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