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Toshiba's choice of buyer may reflect opposition to Chinese bids

Taiwan's Hon Hai snubbed despite offering highest bid of nearly 3 trillion yen

Toshiba, which is part of the Mitsui group, cited the need to "maintain sensitive technology within Japan" as one reason for choosing the three-nation consortium, but analysts read this as a veiled way of saying that Toshiba opposed a possible Chinese bid.


IN a complex deal described as "highly political and unwieldy", electrical giant Toshiba has reportedly chosen a consortium of Japanese, US and South Korean entities as the preferred bidder for its memory chip unit in its bid to stave off possible bankruptcy.

Toshiba, which...

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