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Companies

Toshiba enters new chapter with sale of memory unit

The conglomerate now needs a growth driver to replace its mainstay

Toshiba aims to sell its chip memory operations to a team led by Bain Capital by June 1.   © Reuters

TOKYO -- With a key deal out of regulatory limbo, Toshiba can leave the worst of its financial troubles behind and begin building a new growth engine to replace the chip memory unit, its top earner.

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