Toshiba board approves sale of microchip unit to Bain-led group for $18B

Toshiba's board approved a plan to sell its microchip business to a group of American and Japanese buyers led by Bain Capital for 2 trillion yen ($18 billion). The deal is tentative and details must still be finalized.

“The board of the Japanese conglomerate Toshiba has approved a plan to sell its lucrative microchip business to a group of American and Japanese buyers.”nytimes.com

• 5 sources
• nytimes.comToshiba Reaches Tentative Deal to Sell Microchip Unit - The New York TimesSep 20, 2017
• cnbc.comToshiba sells chip unit to Bain-Apple group for $18 billionArjun KharpalSep 28, 2017
• reuters.comToshiba $18 billion sale of chip unit signed, but discord emerges immediately | ReutersMakiko YamazakiSep 28, 2017
• eetimes.comToshiba Inks Acquisition Deal with Bain-led Group - EE TimesDylan McGrathSep 28, 2017
• arabstoday.netToshiba signs deal to sell chip unit to Bain-led group - Arabs TodayTokyoOct 1, 2017

Summarized from public sources; check the original articles before acting on it.