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Toshiba in turmoil

Toshiba Memory sale delayed by Chinese antitrust probe

Deadline no longer vital, but objections to cash cow's disposal may grow

As Toshiba has raised enough funds to keep its net worth above zero, some activist investors want it to call off the sale of its money-making memory unit.

TOKYO -- The sale of Toshiba's memory chip arm is stuck in a long-running review from Chinese antitrust authorities, making it unlikely that the deal will close before the end of March as originally planned.

Although meeting the deadline is no longer vital to the parent's survival, the delay could fuel opposition among shareholders against the sale of the money-spinner.

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