WDC being a real Bain in the butt as it tries to bar Toshiba memory sale

Toshiba Memory Business bid winner Bain Capital is hoping to settle with WDC and float the purchased unit in three years. A Bain-led consortium agreed to buy the biz for $18bn last week. Rival and losing bidder WDC has intensified its legal action in the International Arbitration Court aimed at blocking the deal and, if that …

[Dave 32]

Chinese Government?

"Bain has applied to the Chinese government for regulatory approval of the deal."

Why the Chinese government? Isn't Toshiba a Japanese company? Did I miss something?

Dave

[Anonymous Coward]

Re: Chinese Government?

The Chinese state trade/competition regulator applies its rulings in China, Unless it approves the Bain deal then the Bain-led consortium would be unable to sell its chips in China. This regulator prevented WDC from integrating its bought HGST subsidiary fully into WDC for 2 years because of HGST factories operating in China.

[rdhood]

... and such is the growing influence of China....