Toshiba to negotiate exclusively with gov't-led group over unit sale

Toshiba Corp. is set to negotiate exclusively with a consortium formed by Japanese, U.S. and South Korean entities over the sale of its chip unit, sources close to the matter said Tuesday.The Japanese conglomerate will hold a board meeting Wednesday to make a final decision on the matter, the source said. The Japanese government-led group includes state-backed Innovation Network Corp. of Japan, the state-owned Development Bank of Japan, U.S. fund Bain Capital and SK Hynix Inc. of South Korea.But the sale of Toshiba Memory Corp., a key restructuring step to revive its financial standing and …READ FULL ARTICLE