The Bain Capital-led $18bn buyout of Toshiba’s semiconductor chip unit could be back on amid reports Chinese regulatory have approved the sale.
Last September Japanese tech giant Toshiba agreed the weighty deal with the consortium, which also includes Dell and other tech firms as well as Japanese Development Bank, the Innovation Network Corporation of Japan and others.
That deal appeared to hit a wall earlier this month amid reports the consortium was struggling to gain antitrust approval from China, one of the company’s biggest markets, in the wake of US President Donald Trump’s escalating trade dispute with the country.
But Japanese public broadcaster NHK has now reported the deal has gained Chinese antitrust approval, according to Reuters.
It added that a Toshiba spokesperson had not confirmed whether there had been any approval by Chinese regulators.
A consortium featuring KKR and Western Digital were previously in the bidding for the chip unit, as was a tie-up between Silver Lake and Broadcom.
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