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Report: Bain Capital-led group seeks antitrust approval in China for chip deal

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Report: Bain Capital-led group seeks antitrust approval in China for chip deal

A consortium led by private equity firm Bain Capital has filed a request for antitrust approval in China for its $18 billion deal to acquire Toshiba Corp.'s memory chip business Toshiba Memory Corp., Reuters reported Oct. 4, citing a source with knowledge of the matter.

Toshiba expects the deal to close by March 2018.

A Bain spokeswoman declined to comment on the report.

Apple Inc. is part of the consortium.