The company’s board approved a bid of about two trillion yen (RM68bil) from a group led by domestic private equity firm Japan Industrial Partners (JIP), the report said, without attribution. — Bloomberg
TOKYO: Toshiba Corp has accepted a US$15.3bil (RM68bil) buyout offer from a Japanese consortium, according to the Nikkei newspaper, as the iconic conglomerate moves a step closer to ending a troubled chapter in its more-than-140-year history.
The company’s board approved yesterday a bid of about two trillion yen (RM68bil) from a group led by domestic private equity firm Japan Industrial Partners (JIP) Inc, the report said, without attribution.
