May 18, 2018 12:43
A consortium of SK Hynix, U.S. hedge fund Bain Capital and a Japanese research body have been selected as the preferred bidder to acquire Toshiba's memory chip division.
SK Hynix said Thursday that the consortium received the green light from Chinese authorities for the takeover.
It came after a long delay as the consortium signed the 2 trillion-yen deal to buy the world's No. 2 NAND flash chipmaker in September last year.
It already had the green light from Korean, U.S., Japanese and European authorities, but awaited approval from China.
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