• Kyodo


Toshiba Corp. said Monday it will be unable to sell its prized memory chip unit by the end of March as planned, as it has not yet received approval from Chinese antitrust regulators.

The electronic giant said in a statement that it still intends to complete the transaction “as soon as possible,” although the contract stipulates that the sale of Toshiba Memory Corp. could be called off if not finalized by the end-of-March deadline. The company had set a March 23 deadline so that it could complete the deal by the end of the month.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.