TOKYO (AP) — Japanese electronics company Toshiba Corp. says the sale of its computer memory chip business to a consortium led by Bain Capital Private Equity has cleared all anti-trust regulatory approval, including a final one it was awaiting from China.
Toshiba said Thursday that means the deal, valued at 2 trillion yen ($18 billion), can now close by June 1.
Tokyo-based Toshiba, which also has railroad and nuclear energy units, has been counting on the deal for a turnaround.
Its U.S. nuclear operations at Westinghouse Electric Co. filed for bankruptcy last year.
Initially, Western Digital opposed the sale of the NAND flash-memory SanDisk joint venture, starting lawsuits.
Toshiba first announced the sale in September last year. The dispute with Western Digital was settled late last year.