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A alliance between the Innovation Network Corp. of Japan and Bain Capital could help break the impasse over the sale of Toshiba's memory unit.

Team Japan to join with Bain on Toshiba chip bid

State-backed fund creating wide partnership to seek memory unit

| Japan

TOKYO -- The public-private Innovation Network Corp. of Japan is teaming up with Bain Capital of the U.S. on what could be a decisive bid for Toshiba's semiconductor memory unit, renewing hopes for an alliance that would keep the conglomerate's technology in Japanese hands.

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