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Nuclear losses pressuring Toshiba to sell core semiconductor business stake

But rush to sell minority stake in the business, worth more than US$10 billion, may complicate sale

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Following a 2015 accounting scandal, Toshiba is barred from raising fresh funding on equity markets; selling assets could help it win broader financial support from its main banks but may fuel concerns of earnings dilution, while any deal with Western Digital can trigger a time-consuming antitrust review.

Tokyo

WITH mounting writedowns from its nuclear business, Japan's Toshiba Corp is looking to sell part of its core semiconductor business, a world No. 2 in the flash memory chips used in smartphones.

But its rush to plug a hole in its US nuclear business that Japanese media now

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