Toshiba gets approval for sale of memory chip business


The antimonopoly review had been the last and biggest hurdle to a successful sale of Toshiba Memory, the world's no. 2 producer of NAND chips.

Chinese officials have finally approved Toshiba's sale of a majority stake in its lucrative microchip unit to an American-led group, a move that could signal an easing of the simmering trade tensions between Washington and Beijing. Xi Jinping confidante Liu He is now in Washington to discuss the trade dispute. The acquisition involves more than 15 billion USD/Euro, an amount earlier agreed on back in September.

NWS: 2 tornadoes hit CT during Tuesday storm
There was a similar accident killed a woman just north of there who was also inside a auto when a tree came down. Nearby Brookfield was not hit by a tornado, but did see a "macroburst" with winds around 100 miles per hour .

Toshiba missed its initial end of March deadline for the completion of the deal due to prolonged antitrust screening by Chinese regulators.

The approval was announced today by Toshiba in a short statement - although hasn't been confirmed yet by China's State Administration for Market Regulation. A representative for Bain was not immediately available for comment. Dell Technologies, Seagate Technology and Kingston Technology. The company boosted its capital with a 410 billion yen nuclear asset sale and 600 billion yen of new stock in December.