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Business deals

Toshiba completes $18bn sale of flash memory unit

Funds will help buttress finances at struggling Japanese conglomerate

Saddled with massive losses at its U.S. nuclear unit, Westinghouse Electric, Toshiba was forced to sell its main cash cow, Toshiba Memory.

TOKYO -- Japanese industrial conglomerate Toshiba  said Friday that it has completed the sale of its flash memory subsidiary, Toshiba Memory, to a consortium led by U.S. private equity group Bain Capital.

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