The Clock Runs Out for Toshiba to Secure a Deal for Its Chip Unit
Despite a last minute bid by Bain Capital, Toshiba failed to meet a deadline to sell its prized chip unit.
Despite a last minute bid by Bain Capital, Toshiba (TOSYY) failed to meet a deadline to sell its prized chip unit.
Toshiba had been seeking a deal for the chip unit, its most valuable asset, which has been valued as high as $18 billion before the Thursday deadline which had been imposed by the company and the co-owner of the unit, Western Digital (WDC) - Get Report .
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