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Toshiba's shareholders meeting was held in Chiba on March 30.

Tricky path ahead for Toshiba on chip sale

US bid apparently comes in at nearly $18bn; Tokyo said to favor American buyer

| Japan

TOKYO -- With shareholder approval gained and the first round of bidding complete, Toshiba is set to begin the difficult process of negotiating a sale of its memory chip operations that meets its financial needs while addressing government security concerns.

U.S. private-equity firm Silver Lake Partners and American chipmaker Broadcom, part of the firm's portfolio, apparently tendered a roughly 2 trillion yen ($17.9 billion) bid. That is on the high end of estimates of the memory business' value.

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