Toshiba's partner-swapping saga enters new round

Tokyo

THE seemingly never ending saga of Japanese electronics giant Toshiba and its attempts to stave off bankruptcy - a story that mirrors major past problems in the Japanese electrical and electronics industry - is set to enter yet another chapter in the coming days.

Toshiba, a world-renowned personal computers to nuclear reactors giant that has come close to bankruptcy over its involvement in the US-based Westinghouse nuclear power group, is reportedly on the brink of signing a bailout deal to sell a large stake in its memory chip business. The Tokyo-headquartered Toshiba is expected to anno…