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Reuters exclusively reports Toshiba tells banks chip deal delayed as Apple yet to approve

Reuters exclusively reports Toshiba tells banks chip deal delayed as Apple yet to approve

Reuters exclusively reported Toshiba told its main banks it has not signed the $18 billion sale of its semiconductor business because Apple, a member of the buyer group, has not agreed on key terms. The struggling Japanese conglomerate had announced that it had chosen a consortium led by U.S. private equity firm Bain Capital LP to buy the prized chip unit - a move that would end a nine-month sale process.