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China launches antitrust probe into Toshiba Memory deal

Audit could delay sale to Bain consortium past March

| China

TOKYO -- Chinese antitrust regulators earlier this month opened an investigation into Toshiba's planned sale of its flash memory unit, it was learned Thursday.

Toshiba said in September that it is selling newly formed subsidiary Toshiba Memory to an international consortium led by U.S. private equity firm Bain Capital. The Japanese conglomerate hopes to close the deal by the end of March 2018.

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