Chinese authorities give Toshiba permission to sell chip devision

Chinese authorities give Toshiba permission to sell chip devision

Toshiba has said that China regulators have approved the US$18 billion sale of its chip unit to a consortium led by USA private equity firm Bain Capital, marking the end to a year-long saga surrounding its most prized asset.

Toshiba, which invented NAND chip technology, put the business up for sale more than a year ago as it sought to fix a balance sheet hammered by billions of dollars worth of losses from a push into nuclear energy. The acquisition involves more than 15 billion USD/Euro, an amount earlier agreed on back in September.

The parties today confirmed that all required anti-trust approvals have been granted, and that all conditions for the closing of the transaction are now satisfied.

Keanu Reeves, Winona Ryder reunite in 'Destination Wedding'
Destination Wedding is like a middle finger to those who thought Reeves and Ryder's careers, and the rom-com, were dead. Destination Wedding has just released what could be the best romantic comedy trailer to come along in years.

Porn-star hush money: No respite for Trump
Giuliani said he knew news of the payment would come out, even if he didn't know "exactly when or what would come out". According to ethics document, Trump's income was $25 million in 2017 and more than $15 million from the golf club.

The Essentials of Being an Eco-Friendly Hotel
Conserve Energy Lights, water heaters, and air conditioning units, among other things, consume the most electricity in hotels. Through these actions, the hotel can build a better name by showing its clients how it values environmental sustainability.

Toshiba missed its initial end of March deadline for the completion of the deal due to prolonged antitrust screening by Chinese regulators.

A representative for China's State Administration for Market Regulation said he was not aware of the situation and did not comment further. Nevertheless, the regulator's approval will mean that the company now has the green light to complete the transaction, agreed previous year, which values the company at $18 billion. Dell Technologies, Seagate Technology and Kingston Technology.

Related:

  • Harry Winks pens new five-year Tottenham deal

    Harry Winks pens new five-year Tottenham deal

    I feel like I've improved as a player and it's definitely benefited me. Tottenham midfielder Harry Winks has signed a new contract until 2023.
    Offset Hospitalized After Car Crash in Atlanta, Dodge Challenger Totaled

    Offset Hospitalized After Car Crash in Atlanta, Dodge Challenger Totaled

    Offset is the father of three children from previous relationships - two sons, Jordan and Kody, and a daughter Kalea Marie. It is not clear if there was another vehicle involved, but Offset's was the only one seen being towed away from the scene.

    How Home-based Business Can Benefit from Coworking Spaces

    More so, it can encourage productivity by being able to lessen boredom since you will be surrounded by people you can talk to. It Fits the Bill According to statistics, self-employment is on the rise, increasing by as much as 40% in the U.S . by 2020.
  • Beastie Boys announce new memoir, Beastie Boys Book

    Beastie Boys announce new memoir, Beastie Boys Book

    For starters, it looks like the highly-anticipated tome will have a decidedly straightforward title: Beastie Boys Book. With a style as distinctive and eclectic as a Beastie Boys album, Beastie Boys Book upends the typical music memoir .

    Stock In Spotlight: Baidu, Inc. (NASDAQ:BIDU)

    Amundi Pioneer Asset Management Inc. raised its stake in Baidu by 8,004.6% in the fourth quarter. Johnston Asset Management Corp sold 1,590 shares as Baidu Inc ( BIDU)'s stock declined 3.38%.
    GQ Magazine's Comedy Issue Mocks Vanity Fair's Previous Photoshop Fail

    GQ Magazine's Comedy Issue Mocks Vanity Fair's Previous Photoshop Fail

    Magazine's comedy issue uses its cover to mock one of the most ridiculous photoshop errors in recent memory. After Vanity Fair made its gaffe, Witherspoon and Winfrey had fun with it on social media.
  • FDA approves first non-opioid to treat withdrawal symptoms in adults

    FDA approves first non-opioid to treat withdrawal symptoms in adults

    The FDA says that Lucemyra decreases the release of norepinephrine, a chemical that mobilizes the body for action. The drug, called Lucemyra (lofexidine hydrochloride), will also help adults who rely on opioids for pain relief.
    The Lizards With Lime-Green Blood

    The Lizards With Lime-Green Blood

    Green blood likely emerged independently in various lizards, which suggests that green blood may have an adaptive value. While analyzing the green-blooded skins, they found that there were four separate lines of green-blooded skins.
    Bing Bans Cryptocurrency Ads

    Bing Bans Cryptocurrency Ads

    Facebook became the first social media platform to ban ads for cryptocurrencies in January of this year. Bing Ads , Microsoft's advertising service, has chose to disallow cryptocurrency advertising.
  • Linked Company Nears Deal to Bail Out Jared Kushner Property

    Linked Company Nears Deal to Bail Out Jared Kushner Property

    The deal would buy out the Kushners' current partner, Vornado Realty Trust, which now owns 49.5 percent of the building's offices. His real estate holdings and other investments are worth as much as $761 million, according to government ethics filings.
    Zuckerberg agrees to European parliament meeting

    Zuckerberg agrees to European parliament meeting

    The news comes a month after the parliament invited Zuckerberg to appear before three of the assembly's committees. This meeting, according to the European parliament president, Antonio Tajani, could happen as soon as next week.
    Keker Reps Indicted Bumble Bee Exec, Insists He's Innocent

    Keker Reps Indicted Bumble Bee Exec, Insists He's Innocent

    Nine current or former Bumble Bee executives, including Lischewski, are on one such list. Two of its executives have also pleaded guilty.

Comments

Latest news

Raptors congratulate the coach they fired, and Twitter is confused
The Toronto Raptors had the best regular season in franchise history and claimed the East's No. 1 seed after winning 59 games. It would not be surprising for the Raps to promote an internal candidate like assistant coach Nick Nurse.

Jaguars, Vikings to take part in joint practices
It's an intriguing matchup with both teams falling a game short of the Super Bowl last season. Both joint sessions with the Vikings will be open to the public.

Intel-Mobileye Begin Testing AV Fleet in Jerusalem
The system that it's supplying to this unnamed vehicle manufacturer will power partial automation on a variety of its models. Neither financial terms, nor the name of the European carmaker, were disclosed.

Deadpool Celebrates His First 10 Years of Life Before Deadpool 2
I will allow for the fact that maybe it was impossible for me to like it considering when I watched it and how I went in to it. While Reynolds could have easily stepped aside and let the studio bring in a younger pop star, he had a more classic idea.

Ontario doctor recovering after being shot in legs during Gaza protest
Loubani is an emergency physician at the London Health Sciences Centre in Ontario, Canada, according to the Toronto Star. White said, noting US commanders will "continue to keep a sharp eye on the situation" in Israel and the Middle East.

IPL: Unchanged RCB put to bat by Sunrisers
It turned out to be a forgettable day for Thampi as he conceded the most runs by a bowler in an innings in the history of T20. The duo went on to forge a crucial 135-run partnership for the third wicket , lifting the visitors to 199 runs in 19.1 overs.

Flash Flood Watch in effect until 4 am Saturday
Three features are primarily responsible for the heavy rain threat into Saturday. 12 inches of water can float a small auto . A flood watch also was issued for the Fox River, which the Weather Service reports could affect Racine County.

Reuben Foster's Ex-Girlfriend: Domestic Violence Claim 'A Money Scheme'
San Francisco took Foster with the No. 31 overall pick in the 2017 NFL Draft, but there were plenty of red flags surrounding him. On Thursday, Foster was back in court for a preliminary hearing on his domestic violence, criminal threats, and weapons charges.

MTV suspends 'Catfish' production after Nev Schulman accused of sexual misconduct
A request for comment from Schulman was not immediately returned. "Catfish" host Nev Schulman was accused of sexual misconduct. The Catfish creator's alleged domestic abuse incident subsequently sparked a petition via Change.org in 2014.

Number of US Births Dropped to 30-Year Low in 2017 — CDC
To many this has come as something of a surprise; the economy is doing pretty well and this is usually matched with a baby boom. Interestingly, the number of women in their 30's having children declined, while those in their 40;s continued to rise.

'Horrific' crash involving school bus, dump truck reported in New Jersey
Saint Clare's Denville Hospital and Dover Hospital emergency departments have received 10 patients, a spokesperson told News 4 . Seventh-grader Alejandro Garcia told The Record that students were told to return to homeroom on Thursday morning.

New explosion sends ash to 30000 feet above Kilauea volcano in Hawaii
Officials have said they didn't expect the explosion to be deadly as long as people remained out of the closed national park. For those on the ground near the lava vents, health warnings were issued because of unsafe volcanic gases.

Fortnite's first competitive mode is Solo Showdown
Under Playlists, you'll even find past limited time modes such as 50 vs 50, Solid Gold and so on. There are some pretty substantial prizes to those that can place themselves in the top 100.

Recommendation Trends Analysis: Abaxis, Inc. (ABAX)
Total analysts of 7 have positions in Abaxis ( NASDAQ:ABAX ) as follows: 1 rated it a "Buy", 1 with "Sell" and 5 with "Hold". The company reported the earnings of $0.42/Share in the last quarter where the estimated EPS by analysts was $0.31/share.

Money Saving Tips for Business Owners
JJBender.com is a trustworthy and reputable source of used office equipment that offers a wide variety of products. And in today’s economy, every small business owner is looking for ways to save money and reduce expenses.

Other news