Toshiba Chip-Unit Sale Needs Extra Time to Finish


Toshiba Corp. said the closing of the sale of its chip unit has been delayed until April at the earliest as the company awaits final antitrust approval for the $19 billion deal.

The deadline to complete the deal had been March 31.

The Tokyo-based company reached a deal in September to sell the unit to a consortium, led by U.S. private-equity…