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Bain consortium bags Toshiba chip business in hard-fought win

The US$22b Bain-led group includes SK Hynix, Apple and Dell; rival Western Digital opposes with legal action

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Western Digital's opposition to the Bain offer is that no deal can be done without its consent as it is Toshiba's joint venture chip partner. Toshiba is the world's No 2 producer of NAND semiconductors.

Tokyo

JAPAN'S embattled Toshiba Corp has selected a group led by US private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction.

But it's unclear...

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