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