Toshiba Signs $17.7 Billion Deal With Bain-Apple Group

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Toshiba Signs $17.7 Billion Deal With Bain-Apple Group to Sell Chip Unit
A few major hurdles remain in the way

Toshiba Corp. said Thursday it has signed a legally binding deal to sell its memory-chip unit to a group led by U.S. private-equity firm Bain Capital LLC for ¥2 trillion ($17.7 billion), a big step forward in its effort to repair its damaged finances.