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A logo of Toshiba Corp is seen at its headquarters in Tokyo. (Photo by Tsuyoshi Tamehiro)
Business

Toshiba at a turning point: what does the future hold?

Five things to know as the conglomerate tries to get back on its feet

SHOTARO TANI, Nikkei staff writer | South Korea

TOKYO -- Toshiba's turmoil may finally be reaching a turning point. After months of flip-flopping, the Japanese conglomerate finally agreed on a deal to sell its prized memory unit to a consortium led by U.S. private-equity firm Bain Capital on Thursday, an important step in its quest to get back on its feet.

But how did the 140-year old company get into this mess? Here is a rundown of what matters ahead of Toshiba's extraordinary shareholder meeting on Oct. 24, at which the company aims to get approval from its shareholders.

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