A group including private-equity firm Bain Capital and technology giant Apple Inc.
signed a letter of intent to buy Toshiba Corp.’s
chip business for more than $18 billion, according to people familiar with the matter.
An agreement with the group, which also includes Seagate Technology PLC
and Dell Inc., could be announced later Wednesday in Japan, the people said. It is unclear who else may be in the group and its membership could still change.
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