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Toshiba signs memorandum to accelerate chip sale talks with Bain group

Toshiba signs memorandum to accelerate chip sale talks with Bain group
From Reuters - September 12, 2017

TOKYO (Reuters) - Toshiba Corp (6502.T) said on Wednesday it has signed a memorandum to accelerate talks to sell its memory chip business to a group led by private equity firm Bain Capital and chipmaker SK Hynix Inc (000660.KS).

Toshiba said in a statement it now aims to sign a contract by late September but added that the memorandum does not exclude talks with other bidders.

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