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Toshiba Signs $17.7 Billion Deal With Bain-Apple Group to Sell Chip Unit

TOKYO—Toshiba Corp. stated it reached a legally-binding settlement with a gaggle led by way of U.S. private-equity company Bain Capital LLC to promote its reminiscence chip unit for ¥2 trillion ($17.7 billion).

On Thursday, Toshiba reached a handle the gang, which contains Apple Inc., Dell Technologies Inc., Seagate Technology PLC, Japan’s Hoya Corp. and South Korea’s SK Hynix Inc. The unit will stay a Toshiba associate even after the deal’s…

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