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China approves Toshiba's $18B sale of its memory-chip unit

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Chinese regulators approved Toshiba's $18 billion sale of its memory-chip unit.

According to The Wall Street Journal, the move could be a gesture of goodwill as the country attempts to ward off U.S. trade penalties.

The buyer is a group of investors led by private equity firm Bain Capital.

Read more from The Wall Street Journal.

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